The document discusses key aspects of Solvency II implementation for insurance companies. It outlines the European regulatory bodies involved in Solvency II including the European Commission, European Council, and EIOPA. It also summarizes the three pillars of Solvency II - Pillar 1 focuses on capital requirements, Pillar 2 on risk management and governance, and Pillar 3 on transparency and reporting. Finally, it states that insurance companies must address both qualitative and quantitative requirements to implement Solvency II, including gap analysis, governance changes, and internal and external reporting under the three pillars.
Risk Management Tools And Techniques PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Risk Management Tools And Techniques Powerpoint Presentation Slides. Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Management Tools And Techniques Powerpoint Presentation Slides complete deck.
Teaching student program planners about risk management isn't much fun. Maybe a little help from legos and a focus on campus resources will help. This presentation has been tailored to the needs of different student groups over the years. Developed by Allison B. Peters in 2011.
Risk Management Tools And Techniques PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Risk Management Tools And Techniques Powerpoint Presentation Slides. Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Management Tools And Techniques Powerpoint Presentation Slides complete deck.
Teaching student program planners about risk management isn't much fun. Maybe a little help from legos and a focus on campus resources will help. This presentation has been tailored to the needs of different student groups over the years. Developed by Allison B. Peters in 2011.
Introduction To Risk Management Powerpoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Introduction To Risk Management Powerpoint Presentation Slides. This is a one stage process. The stages in this process are Introduction To Risk Management, Risk Management Overview, Risk Management Outline. https://bit.ly/3jpib2E
The importance of risk management in businessr2financial
R2 Financial Technologies provides multi-asset risk analytics and risk intelligence to all sorts of business decision makers. Visit their website today to learn more http://www.r2-financial.com/.
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...PECB
The webinar covers:
• The start of any Enterprise Risk Management Program
• The approach to developing a framework that will assist organizations to integrate RM into their enterprise-wide risk management systems
• The relationship between the foundations of the risk management framework and their objectives
Presenter:
This webinar was presented by M. Youssef K, an executive consultant & trainer with several qualifications. He is an accomplished expert with over 10 years’ experience in the field of risk management, project and program management, PRINCE 2, Agile, EVM, business process analysis and design, as well as operational and organizational excellence.
Link of the recorded session published on YouTube: https://youtu.be/9fO-JqENL0I
Are you new to the concept of Integrated Risk Management (IRM)? Are you curious to know how this shift applies to security and risk teams? Do you think the word ‘risk’ doesn’t apply to you because it isn’t included in your job title? Join us for this introductory session to address all of your basic questions about IRM and why you should get started on implementing it within your team and across your organization. Whether you’re a security or risk practitioner, you’ll find value in learning a little more about how an integrated approach will make your team more efficient and effective, while keeping you ahead of the curve.
The collection, organisation and upkeep of the policies, procedures, requirements, expectations, processes, records and tools we use for managing health and safety in our work environment.
Introduction To Risk Management Powerpoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Introduction To Risk Management Powerpoint Presentation Slides. This is a one stage process. The stages in this process are Introduction To Risk Management, Risk Management Overview, Risk Management Outline. https://bit.ly/3jpib2E
The importance of risk management in businessr2financial
R2 Financial Technologies provides multi-asset risk analytics and risk intelligence to all sorts of business decision makers. Visit their website today to learn more http://www.r2-financial.com/.
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...PECB
The webinar covers:
• The start of any Enterprise Risk Management Program
• The approach to developing a framework that will assist organizations to integrate RM into their enterprise-wide risk management systems
• The relationship between the foundations of the risk management framework and their objectives
Presenter:
This webinar was presented by M. Youssef K, an executive consultant & trainer with several qualifications. He is an accomplished expert with over 10 years’ experience in the field of risk management, project and program management, PRINCE 2, Agile, EVM, business process analysis and design, as well as operational and organizational excellence.
Link of the recorded session published on YouTube: https://youtu.be/9fO-JqENL0I
Are you new to the concept of Integrated Risk Management (IRM)? Are you curious to know how this shift applies to security and risk teams? Do you think the word ‘risk’ doesn’t apply to you because it isn’t included in your job title? Join us for this introductory session to address all of your basic questions about IRM and why you should get started on implementing it within your team and across your organization. Whether you’re a security or risk practitioner, you’ll find value in learning a little more about how an integrated approach will make your team more efficient and effective, while keeping you ahead of the curve.
The collection, organisation and upkeep of the policies, procedures, requirements, expectations, processes, records and tools we use for managing health and safety in our work environment.
Strategic Risk Management as a CFO: Getting Risk Management RightProformative, Inc.
Video & Presentation: http://www.proformative.com/events/strategic-risk-management-cfo-getting-risk-management-right
Enterprise Risk Management should be simple. Unfortunately, companies are responding to regulators and business imperatives to improve their risk management practices, all the while aligning with business strategy and performance as well as capital allocation. Leading practitioners are seeking insight and value from risk management and are using risk management to focus audit and compliance activities. In fact independent research commissioned by SAP and others suggests many successful ERM initiatives still make little use of the increasingly sophisticated technology available. This session will summarize recent research by SAP and others on the state of ERM and will provide simple, practical strategies for how Finance can drive risk management practices that build success and add value.
Speakers:
Bob Tizio, GRC Officer-Americas, SAP America Inc.
Bruce McCuaig, Director, Solution Marketing for Governance Risk & Compliance, SAP
Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 5
IFAC Senior Technical Manager Vincent Tophoff presentation during the Institute of Chartered Accountants of Pakistan's CFO Conference 2013, CFO: Meeting Future Challenges! Mr. Tophoff discusses current trends and thinking in risk management and best practices.
Strategies and challenges for insurers at different stages in the solvency ii...bweare
Presentation by Curt Burmeister, Head of Buy Side Products, IBM Risk Analytics which highlights strategies and challenges for European insurers at different stages of their solvency II journey with a focus on pillar 1, 2 & 3
Included in presentation is information on the European Commission, Council of the European Union, European Parliament, European Council, and European Central Bank, as well as new regulatory entities such as the European Securities and Markets Authority. Information on some of the most important hedge fund-related regulations is also provided, including the Alternative Investment Fund Managers Directive (AIFMD), European Market Infrastructure Regulation (EMIR), short selling regulation, Review of Markets in Financial Instruments Directive (MiFIDII), and the Market Abuse Directive (MAD).
Conference: European Banking Union: Democracy, Technocracy and the State of Integration - Global Governance Programme, Robert Schuman Centre for Advanced Studies, European University Institute
By: Sergio Fabbrini, LUISS School of Government
Part of an English for International Communication course, focussing on English as language of administration in the EU. Delivered to third-year undergraduates at the Epirus Institute of Technology (ΤΕΙ Ηπείρου)
Instructions Your initial post should be at least 500 words T.docxmaoanderton
Instructions: Your initial post should be at least 500 words
The readings this week apply different theoretical perspectives to analyze the European Union as a regional IO. For example, in the articles, we read about rationalism, social constructivism, multi-level governance, enforcement and management theory, and more. In addition, the lesson notes discuss intergovernmentalism, supranationalism, and veto player theory. Which theoretical perspective(s) do you find the most persuasive and why when it comes to analyzing EU policymaking? Which is the least persuasive and why? Please incorporate specific examples to support your arguments.
Reading and references:
Lesson 7 | Regional Organizations: The European Union
In this lesson, we will turn our attention to regional organizations, taking the European Union (EU) as our case study. We examine and assess several theories that explain how EU policy-making works. At the end of this lesson, students will be able to:
Examine the institutions of the EU
Assess important issues in EU policymaking
Apply concepts and theories about IOs to the operation of the EU
The European Union (EU): An Overview
The purpose of this lesson is not to master the history of European integration; rather, we focus here on setting up the framework for the study of the European Union (EU) as a regional organization. It makes sense to approach the complex processes of economic enlargement and political integration by first providing a brief overview of the different key stages of enlargement.
View the interactive map of the current EU member states. This is worth taking 10 minutes to explore. You can filter by states using the euro currency, by prospective member states, and more.
EU Website
1951
Six states enter into the European Coal and Steel Community (ECSC): Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany.
1957
The six states enter into the Treaty of Rome. This treaty extended the European Coal and Steel Community, established a customs union through the creation of the European Economic Community (EEC), and created the European Atomic Energy Community (Euratom) for cooperation in developing nuclear energy.
1973
The first enlargement occurs with the membership of Denmark, Ireland, and the UK (for a total of 9 total members).
1979
This year marks the first direct, democratic elections to the European Parliament.
1981
Greece enters into full membership, in part to “lock in” democracy after a period of military dictatorship. With Greece’s membership, the total stands at 10 members.
1986
Spain and Portugal become members, bringing the total to 12.
1990
East Germany was folded in by way of its unification with West Germany after the fall of the Berlin Wall.
1993
The Maastricht Treaty formally establishes the European Union (EU).
1995
Austria, Finland, and Sweden join the EU, bringing the total to 15 members.
2002
The Euro is introduced as the.
“To be integrated is to feel secure, to feel connected.” The views and experi...AJHSSR Journal
ABSTRACT: Although a significant amount of literature exists on Morocco's migration policies and their
successes and failures since their implementation in 2014, there is limited research on the integration of subSaharan African children into schools. This paperis part of a Ph.D. research project that aims to fill this gap. It
reports the main findings of a study conducted with migrant children enrolled in two public schools in Rabat,
Morocco, exploring how integration is defined by the children themselves and identifying the obstacles that they
have encountered thus far. The following paper uses an inductive approach and primarily focuses on the
relationships of children with their teachers and peers as a key aspect of integration for students with a migration
background. The study has led to several crucial findings. It emphasizes the significance of speaking Colloquial
Moroccan Arabic (Darija) and being part of a community for effective integration. Moreover, it reveals that the
use of Modern Standard Arabic as the language of instruction in schools is a source of frustration for students,
indicating the need for language policy reform. The study underlines the importanceof considering the
children‟s agency when being integrated into mainstream public schools.
.
KEYWORDS: migration, education, integration, sub-Saharan African children, public school
Social media refers to online platforms and tools that enable users to create, share, and exchange information, ideas, and content in virtual communities and networks. These platforms have revolutionized the way people communicate, interact, and consume information. Here are some key aspects and descriptions of social media:
How social media marketing helps businesses in 2024.pdfpramodkumar2310
Social media marketing refers to the process of utilizing social media platforms to promote products, services, or brands. It involves creating and sharing valuable content, engaging with followers, analyzing data, and running targeted advertising campaigns.
www.nidmindia.com
Exploring Factors Affecting the Success of TVET-Industry Partnership: A Case ...AJHSSR Journal
ABSTRACT: The purpose of this study was to explore factors affecting the success of TVET-industry
partnerships. A case study design of the qualitative research method was used to achieve this objective. For the
study, one polytechnic college of Oromia regional state, and two industries were purposively selected. From the
sample polytechnic college and industries, a total of 17 sample respondents were selected. Out of 17
respondents, 10 respondents were selected using the snowball sampling method, and the rest 7 respondents were
selected using the purposive sampling technique. The qualitative data were collected through an in-depth
interview and document analysis. The data were analyzed using thematic approaches. The findings revealed that
TVET-industry partnerships were found weak. Lack of key stakeholder‟s awareness shortage of improved
training equipment and machines in polytechnic colleges, absence of trainee health insurance policy, lack of
incentive mechanisms for private industries, lack of employer industries involvement in designing and
developing occupational standards, and preparation of curriculum were some of the impediments of TVETindustry partnership. Based on the findings it was recommended that the Oromia TVET bureau in collaboration
with other relevant concerned regional authorities and TVET colleges, set new strategies for creating strong
awareness for industries, companies, and other relevant stakeholders on the purpose and advantages of
implementing successful TVET-industry partnership. Finally, the Oromia regional government in collaboration
with the TVET bureau needs to create policy-supported incentive strategies such as giving occasional privileges
of duty-free import, tax reduction, and regional government recognition awards based on the level of partnership
contribution to TVET institutions in promoting TVET-industry partnership.
KEY WORDS: employability skills, industries, and partnership
The Challenges of Good Governance and Project Implementation in Nigeria: A Re...AJHSSR Journal
ABSTRACT : This study reveals that systemic corruption and other factors including poor leadership,
leadership recruitment processes, ethnic and regional politics, tribalism and mediocrity, poor planning, and
variation of project design have been the causative factors that undermine projects implementation in postindependence African states, particularly in Nigeria. The study, thus, argued that successive governments of
African states, using Nigeria as a case study, have been deeply engrossed in this obnoxious practice that has
undermined infrastructure sector development as well as enthroned impoverishment and mass poverty in these
African countries. This study, therefore, is posed to examine the similarities in causative factors, effects and
consequences of corruption and how it affects governance, projects implementation and national growth. To
achieve this, the study adopted historical research design which is qualitative and explorative in nature. The
study among others suggests that the governments of developing countries should shun corruption and other
forms of obnoxious practices in order to operate effective and efficient systems that promote good governance
and ensure there is adequate projects implementation which are the attributes of a responsible government and
good leadership. Policy makers should also prioritize policy objectives and competence to ensure that policies
are fully implemented within stipulated time frame.
KEYWORDS: Developing Countries, Nigeria, Government, Project Implementation, Project Failure
Unlock TikTok Success with Sociocosmos..SocioCosmos
Discover how Sociocosmos can boost your TikTok presence with real followers and engagement. Achieve your social media goals today!
https://www.sociocosmos.com/product-category/tiktok/
Get Ahead with YouTube Growth Services....SocioCosmos
Get noticed on YouTube by buying authentic engagement. Sociocosmos helps you grow your channel quickly and effectively.
https://www.sociocosmos.com/product-category/youtube/
Multilingual SEO Services | Multilingual Keyword Research | Filosemadisonsmith478075
Multilingual SEO services are essential for businesses aiming to expand their global presence. They involve optimizing a website for search engines in multiple languages, enhancing visibility, and reaching diverse audiences. Filose offers comprehensive multilingual SEO services designed to help businesses optimize their websites for search engines in various languages, enhancing their global reach and market presence. These services ensure that your content is not only translated but also culturally and contextually adapted to resonate with local audiences.
Visit us at -https://www.filose.com/
Grow Your Reddit Community Fast.........SocioCosmos
Sociocosmos helps you gain Reddit followers quickly and easily. Build your community and expand your influence.
https://www.sociocosmos.com/product-category/reddit/
Your Path to YouTube Stardom Starts HereSocioCosmos
Skyrocket your YouTube presence with Sociocosmos' proven methods. Gain real engagement and build a loyal audience. Join us now.
https://www.sociocosmos.com/product-category/youtube/
Enhance your social media strategy with the best digital marketing agency in Kolkata. This PPT covers 7 essential tips for effective social media marketing, offering practical advice and actionable insights to help you boost engagement, reach your target audience, and grow your online presence.
Non-Financial Information and Firm Risk Non-Financial Information and Firm RiskAJHSSR Journal
ABSTRACT: This research aims to examine how ESG disclosure and risk disclosure affect the total risk of
companies. Using cross section data from 355 companies listed in Indonesia Stock Exchange, data regarding
ESG disclosure and risk was collected. In this research, ESG and risk disclosures are measured based on content
analysis using GRI 4 guidelines for ESG disclosures and COSO ERM for risk disclosures. Using multiple
regression, it is concluded that only risk disclosure can reduce the company's total risk, while ESG disclosure
cannot affect the company's total risk. This shows that only risk disclosure is relevant in determining a
company's total risk.
KEYWORDS: ESG disclosure, risk disclosure, firm risk
34. Insurance Companies are required to become solvency II compliant by addressing a wide range of requirements, both in qualitative and
quantitative aspect:
To implement solvency 2 there are increasing need to support this project with different specialist on different front:
• Gap analysis, Impact analysis, with Program Roadmap
• Program Governance and Project Management
• Outline the linkage between Actuary, Finance, Risk, Business ,Process , Systems to support Business Solvency II Implementation
Pillar 2
• Governance analysis, Design
• Implement Risk appetite, Risk Limits, and Translate to Business Change
• Update of business functions such as Aactuary, Risk Management, Internal Control & Audit, Compliance
• Implement ORSA and Use Test
• Organisational changes, Risk Culture , Attitude and Behavior.
Pillar 3
Internal and External Reporting to DNB and Relation to Supervisors‐ IFRS and other Reporting standard
cretiseren
Aanpassingen in functies Actuariaat, Risk Management, Internal Audit, Compliancplementeren
RM Associates can support you with:
• Gap analysis SII requirements vs. Current state
• Readiness assements of your process,
project organisation & Internal Control
• Independent health checks of SII program
• Support implementation of Gap analysis findinhgs
• Program managemnt & Governance
• Streamline role in SII subareas for implementation
e.g. Define Risk appetite – Risk Limits – KRI’s,
ORSA, Risk Managememnt & Controls etc.
• Solvency II all Pillars Implementation
• Solvency II documentation
Multi‐disciplinaire Support on Different Solvency II Parts
Solvency II Support
:
:
• Balance sheet
evaluation
• Solvency Capital
Requirements
(SCR)
• Minimum Capital
Requirement
(MCR)
Our Value Proposition ‐ Solution & Expertise
35. Solvency II – Three pillar based implementation approach.
Internal controls
Risk Management
Measures of
supervision
Disclosure of
Information on
Risks
Scenario
Analyses of
Assets and
technical Pro‐
visions
Insurance Risk
Investment /
Market Risk
Operational Risk
Solvency II
Protection of Policyholders
against Failure of Insurance Companies
Credit Risk
Asset ‐ Liability
Mismatch
Technical
provisions
MCR – Minimum
Capital Require‐
ments
SCR – Solvency
Capital Require‐
ments
Internal controls
Risk Management
Own Risk & Solvency
Assessment ‐ ORSA
Measures of
supervision
Disclosure of
Information on
Risks
Scenario
Analysis of
Assets and
Technical Pro‐
visions
Technical
provisions
MCR – Minimum
Capital Require‐
ments
SCR – Solvency
Capital Require‐
ments
Pillar I
Financial Resources
Pillar II
Regulatory
Review
Pillar III
Market discipline
37. Insurance Enterprise Risk Management (ERM) System
All Business Units
Data Sources/
Applications
Integration/
ETL
Consolidated
Data
Transformation/
Calculation
Results
Data Marts
Decision Supporting/
Reporting
Meta Data
Software Infrastructure
Development Environment and System Management
Enterprise Risk
Data
Consolidation
Market Value
Assets &
Liabilities
Monte Carlo
Scenarios
Stress Test
EC / EV
VaR / TaR
Solvency & Capital
Adequacy
Regulatory
Compliance
ALM & Stochastic
Planning
…
Asset Data
• In‐force Business
• Credit
• Derivatives
• Bond Duration &
Convexity
• Equities
• Real Estate
Liability Data
• Claims
• Expense
Non‐market
economic Data
Market Risk Data
(Volatilies,
Correlations)
Integration
Extraction –Transformation ‐Load Risk Engine
(e.g., DFA Advise,
MoSes,
Algorithmics)
41. Integrated Risk & Finance Logical Architecture View
Example Measures: RAROC, VaR, RWA, Operational, Market & Credit Reporting
Data Warehouse: The Bank wide data warehouse stores the raw and processed
data from the calculation engines. It holds transaction level data and enables
views of the data by multiple dimensions e.g. counterparty, general ledger
account, functional organization, product etc. data is extracted from the business
units specific systems as frequently as is required to provide timely and
meaningful bank wide views of risk
RAROC
Capital
ELELExpensesvenue CROR
Re
Credit
Data
Integration&enrichment
Risk & FINANCE DW (Economic Data)
-Loans & Borrowings
-Economic Capital
-Revenue
-Expense
-Budgets
-Risk Capital charges
Risk & FINANCE DW
-Risk Capital- Prudential Limits (RWA)
-RWA for exposures
-Investment Portfolio
-Expected Loss EL
META DATA & BUSINESS RULES
SUPPORT
-Common meta data
-Business rules definitions & support
Integration&enrichment
RWA (Regulatory) Engines
Analytics Engines
EOD Calculators
-VaR
-Stress Testing
-Back Testing
-Prudential Limits
-Operational Risk (via
Dashboard)
INTRADAY Calculators
-VaR
-Trade position
-Real Time Limits
-Desk Level Analytics
-Operational Availability
(via dashboard)
Accounting Engine
-P&L
-RAROC
-Other Accounting Measures GL
Data Mart
(Regulatory
Reporting)
Data Mart
(Economic
Reporting)
Data Mart
(Operational Risk
Dashboard)
Reporting
Architecture
Reporting
Engine
Reporting
Engine
ServicesAPIs
RISK DIMENSIONS:
-Market Risk
-Credit Risk
-Operational Risk
-Prudential & Operational Limits
-Risk Capital Charges
& Measures
1
2
3
1. Example RAPM equation for illustration
2. This represents a shared architecture for both EOD & intraday pre deal analytics 3. RISK DASHBOARD for operational quantitative & graphical risk evaluations
Financial
Data
Client risk
Data
Market risk
Data
ODS’s
Data
Business
Actors
Traders
Debt
Managers
Operations
Accounting
Management
Regulators
Compliance
Pre deal RWA
Intraday / pre
deal
analytics
42. Contact details – For further information
James J Okarimia
Partner,
RM Associates –
Partners in Enterprise Risk Management
E: james.okarimia@rmassociates.nl
M: +31 (0) 62 3192 655
T: +31 (0) 30 2599 455