SlideShare a Scribd company logo
1 of 17
Ashley Patel
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solvency II – Three-pillar approach New focus for supervisor Level of harmonisation Group supervision More pressure from capital markets, investors and shareholders  Market-consistent valuation of assets and liabilities Economic Capital Validation of internal models ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Pillar 1: Pillar 2:  Pillar 3:
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you Thank you

More Related Content

What's hot

Internal financial control
Internal financial controlInternal financial control
Internal financial controlMitesh Katira
 
Creating a compliance assessment program on a tight budget
Creating a compliance assessment program on a tight budgetCreating a compliance assessment program on a tight budget
Creating a compliance assessment program on a tight budgetAshley Deuble
 
What is the difference between financial audit and cost audit
What is the difference between financial audit and cost auditWhat is the difference between financial audit and cost audit
What is the difference between financial audit and cost auditLata Manchekar
 
12.12.2011, Internal audit role and functions in corporate governance, Scott ...
12.12.2011, Internal audit role and functions in corporate governance, Scott ...12.12.2011, Internal audit role and functions in corporate governance, Scott ...
12.12.2011, Internal audit role and functions in corporate governance, Scott ...The Business Council of Mongolia
 
Internal Controls over Indian Financial Reporting
Internal Controls over Indian Financial ReportingInternal Controls over Indian Financial Reporting
Internal Controls over Indian Financial ReportingBharath Rao
 
Proposal risk based internal audit 2013
Proposal risk based internal audit 2013Proposal risk based internal audit 2013
Proposal risk based internal audit 2013Nidhi Gupta
 
Legal & Regulatory Compliance - Audit Services
Legal & Regulatory Compliance - Audit ServicesLegal & Regulatory Compliance - Audit Services
Legal & Regulatory Compliance - Audit ServicesPiyush Bhandari
 
Audit committees and its role in auditing process
Audit committees and its role in auditing processAudit committees and its role in auditing process
Audit committees and its role in auditing processHardik Shah
 
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPT
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPTFINANCIAL CONTROLLERSHIP CHAPTER 2 PPT
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPTMary Rose Habagat
 
Reflections on the Role of the Audit Committee
Reflections on the Role of the Audit CommitteeReflections on the Role of the Audit Committee
Reflections on the Role of the Audit CommitteePeter Chambers
 

What's hot (14)

Internal financial control
Internal financial controlInternal financial control
Internal financial control
 
Creating a compliance assessment program on a tight budget
Creating a compliance assessment program on a tight budgetCreating a compliance assessment program on a tight budget
Creating a compliance assessment program on a tight budget
 
What is the difference between financial audit and cost audit
What is the difference between financial audit and cost auditWhat is the difference between financial audit and cost audit
What is the difference between financial audit and cost audit
 
12.12.2011, Internal audit role and functions in corporate governance, Scott ...
12.12.2011, Internal audit role and functions in corporate governance, Scott ...12.12.2011, Internal audit role and functions in corporate governance, Scott ...
12.12.2011, Internal audit role and functions in corporate governance, Scott ...
 
Internal Controls over Indian Financial Reporting
Internal Controls over Indian Financial ReportingInternal Controls over Indian Financial Reporting
Internal Controls over Indian Financial Reporting
 
Audit Quality
Audit QualityAudit Quality
Audit Quality
 
Proposal risk based internal audit 2013
Proposal risk based internal audit 2013Proposal risk based internal audit 2013
Proposal risk based internal audit 2013
 
Legal & Regulatory Compliance - Audit Services
Legal & Regulatory Compliance - Audit ServicesLegal & Regulatory Compliance - Audit Services
Legal & Regulatory Compliance - Audit Services
 
Financial audit
Financial auditFinancial audit
Financial audit
 
Donna Febriani
Donna FebrianiDonna Febriani
Donna Febriani
 
Audit committees and its role in auditing process
Audit committees and its role in auditing processAudit committees and its role in auditing process
Audit committees and its role in auditing process
 
13 internal controls
13 internal controls13 internal controls
13 internal controls
 
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPT
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPTFINANCIAL CONTROLLERSHIP CHAPTER 2 PPT
FINANCIAL CONTROLLERSHIP CHAPTER 2 PPT
 
Reflections on the Role of the Audit Committee
Reflections on the Role of the Audit CommitteeReflections on the Role of the Audit Committee
Reflections on the Role of the Audit Committee
 

Similar to Solvency II Preparations Focus on Pillars II and III

Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01vikrant1134
 
Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01vikrant1134
 
ACC 562 Expect Success/newtonhelp.com
ACC 562 Expect Success/newtonhelp.comACC 562 Expect Success/newtonhelp.com
ACC 562 Expect Success/newtonhelp.commyblue009
 
Lecture 17 sas framework internal control - james a. hall book chapter 3
Lecture 17  sas framework internal control - james a. hall book chapter 3Lecture 17  sas framework internal control - james a. hall book chapter 3
Lecture 17 sas framework internal control - james a. hall book chapter 3Habib Ullah Qamar
 
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docx
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docxChapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docx
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docxmccormicknadine86
 
Spire Brief - Risk Consulting
Spire Brief - Risk ConsultingSpire Brief - Risk Consulting
Spire Brief - Risk ConsultingPrashant Jain
 
Arens12e 08
Arens12e 08Arens12e 08
Arens12e 08John Sy
 
NY Infragard Presentation Dec 2008
NY Infragard Presentation Dec 2008NY Infragard Presentation Dec 2008
NY Infragard Presentation Dec 2008Ciaran Henry
 
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...Taufir Alam
 
ServiceConnect IPO Strategy
ServiceConnect IPO StrategyServiceConnect IPO Strategy
ServiceConnect IPO StrategyShivam Vakil
 
ACC 675 Milestone Two Guidelines and Rubric As an audit.docx
ACC 675 Milestone Two Guidelines and Rubric  As an audit.docxACC 675 Milestone Two Guidelines and Rubric  As an audit.docx
ACC 675 Milestone Two Guidelines and Rubric As an audit.docxnettletondevon
 
Financial Evaluation of Business Process Outsource Service Providers
Financial Evaluation of Business Process Outsource Service ProvidersFinancial Evaluation of Business Process Outsource Service Providers
Financial Evaluation of Business Process Outsource Service ProvidersLewis Adams
 
Running head ACCOUNTINGACCOUNTING 2Internal control a.docx
Running head ACCOUNTINGACCOUNTING 2Internal control a.docxRunning head ACCOUNTINGACCOUNTING 2Internal control a.docx
Running head ACCOUNTINGACCOUNTING 2Internal control a.docxjoellemurphey
 
EIS Amendments CA INTER
EIS Amendments CA INTEREIS Amendments CA INTER
EIS Amendments CA INTERRaj Kumar
 
Leveraging compliance to raise the bar on security
Leveraging compliance to raise the bar on securityLeveraging compliance to raise the bar on security
Leveraging compliance to raise the bar on securityMike Lemire
 
Understanding of entity and inherent risk assessment (including case studies)
Understanding of entity and inherent risk assessment (including case studies)Understanding of entity and inherent risk assessment (including case studies)
Understanding of entity and inherent risk assessment (including case studies)MUHAMMAD HUZAIFA CHAUDHARY
 

Similar to Solvency II Preparations Focus on Pillars II and III (20)

Fice Of Internal Audit
Fice Of Internal AuditFice Of Internal Audit
Fice Of Internal Audit
 
Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01
 
Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01Solvency2 12790380496937 Phpapp01
Solvency2 12790380496937 Phpapp01
 
ACC 562 Expect Success/newtonhelp.com
ACC 562 Expect Success/newtonhelp.comACC 562 Expect Success/newtonhelp.com
ACC 562 Expect Success/newtonhelp.com
 
Lecture 17 sas framework internal control - james a. hall book chapter 3
Lecture 17  sas framework internal control - james a. hall book chapter 3Lecture 17  sas framework internal control - james a. hall book chapter 3
Lecture 17 sas framework internal control - james a. hall book chapter 3
 
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docx
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docxChapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docx
Chapter 9Audit Risk AssessmentPrepared by Dr Phil Saj1.docx
 
Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9Audit Risk Assessment Chapter 9
Audit Risk Assessment Chapter 9
 
Spire Brief - Risk Consulting
Spire Brief - Risk ConsultingSpire Brief - Risk Consulting
Spire Brief - Risk Consulting
 
Arens12e 08
Arens12e 08Arens12e 08
Arens12e 08
 
NY Infragard Presentation Dec 2008
NY Infragard Presentation Dec 2008NY Infragard Presentation Dec 2008
NY Infragard Presentation Dec 2008
 
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...
 
ServiceConnect IPO Strategy
ServiceConnect IPO StrategyServiceConnect IPO Strategy
ServiceConnect IPO Strategy
 
Basel 2
Basel 2Basel 2
Basel 2
 
bu
bubu
bu
 
ACC 675 Milestone Two Guidelines and Rubric As an audit.docx
ACC 675 Milestone Two Guidelines and Rubric  As an audit.docxACC 675 Milestone Two Guidelines and Rubric  As an audit.docx
ACC 675 Milestone Two Guidelines and Rubric As an audit.docx
 
Financial Evaluation of Business Process Outsource Service Providers
Financial Evaluation of Business Process Outsource Service ProvidersFinancial Evaluation of Business Process Outsource Service Providers
Financial Evaluation of Business Process Outsource Service Providers
 
Running head ACCOUNTINGACCOUNTING 2Internal control a.docx
Running head ACCOUNTINGACCOUNTING 2Internal control a.docxRunning head ACCOUNTINGACCOUNTING 2Internal control a.docx
Running head ACCOUNTINGACCOUNTING 2Internal control a.docx
 
EIS Amendments CA INTER
EIS Amendments CA INTEREIS Amendments CA INTER
EIS Amendments CA INTER
 
Leveraging compliance to raise the bar on security
Leveraging compliance to raise the bar on securityLeveraging compliance to raise the bar on security
Leveraging compliance to raise the bar on security
 
Understanding of entity and inherent risk assessment (including case studies)
Understanding of entity and inherent risk assessment (including case studies)Understanding of entity and inherent risk assessment (including case studies)
Understanding of entity and inherent risk assessment (including case studies)
 

More from Kush25

Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...Kush25
 
Presentaion Ourtsourcing Interternational[1] Global Fpo Llp
Presentaion Ourtsourcing Interternational[1] Global Fpo LlpPresentaion Ourtsourcing Interternational[1] Global Fpo Llp
Presentaion Ourtsourcing Interternational[1] Global Fpo LlpKush25
 
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...Kush25
 
Overview Of Solvency Ii Ashley Patel ( Global Fpollp)
Overview Of Solvency Ii   Ashley Patel ( Global Fpollp)Overview Of Solvency Ii   Ashley Patel ( Global Fpollp)
Overview Of Solvency Ii Ashley Patel ( Global Fpollp)Kush25
 
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...Kush25
 
13 Finance, Accounts And Taxation
13 Finance, Accounts And Taxation13 Finance, Accounts And Taxation
13 Finance, Accounts And TaxationKush25
 
11 Funding
11 Funding11 Funding
11 FundingKush25
 
9 Final Kpo
9 Final Kpo9 Final Kpo
9 Final KpoKush25
 
6 Related Links
6 Related Links6 Related Links
6 Related LinksKush25
 
2 About Us
2 About Us2 About Us
2 About UsKush25
 
12 Taxation
12 Taxation12 Taxation
12 TaxationKush25
 
10 Advisory
10 Advisory10 Advisory
10 AdvisoryKush25
 
5 Career
5 Career5 Career
5 CareerKush25
 
3 Services
3 Services3 Services
3 ServicesKush25
 
3 Services
3 Services3 Services
3 ServicesKush25
 

More from Kush25 (15)

Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
 
Presentaion Ourtsourcing Interternational[1] Global Fpo Llp
Presentaion Ourtsourcing Interternational[1] Global Fpo LlpPresentaion Ourtsourcing Interternational[1] Global Fpo Llp
Presentaion Ourtsourcing Interternational[1] Global Fpo Llp
 
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
 
Overview Of Solvency Ii Ashley Patel ( Global Fpollp)
Overview Of Solvency Ii   Ashley Patel ( Global Fpollp)Overview Of Solvency Ii   Ashley Patel ( Global Fpollp)
Overview Of Solvency Ii Ashley Patel ( Global Fpollp)
 
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...Ifrs Accounting For Insurance   Ashley Patel  Pricewaterhouse Coopers [Autosa...
Ifrs Accounting For Insurance Ashley Patel Pricewaterhouse Coopers [Autosa...
 
13 Finance, Accounts And Taxation
13 Finance, Accounts And Taxation13 Finance, Accounts And Taxation
13 Finance, Accounts And Taxation
 
11 Funding
11 Funding11 Funding
11 Funding
 
9 Final Kpo
9 Final Kpo9 Final Kpo
9 Final Kpo
 
6 Related Links
6 Related Links6 Related Links
6 Related Links
 
2 About Us
2 About Us2 About Us
2 About Us
 
12 Taxation
12 Taxation12 Taxation
12 Taxation
 
10 Advisory
10 Advisory10 Advisory
10 Advisory
 
5 Career
5 Career5 Career
5 Career
 
3 Services
3 Services3 Services
3 Services
 
3 Services
3 Services3 Services
3 Services
 

Solvency II Preparations Focus on Pillars II and III