The course is to facilitate an understanding of the legislative background to reinsurance returns to be submitted to the Financial Regulator and assist anyone responsible for preparing a reinsurer’s return.

• Background and approach of Directive

• Companies affected and exemptions

• Definition of ‘Captive’

• Special Purpose Reinsurance Vehicles (SPRVs)

• Finite Reinsurance activities

• Transitional compliance submissions

• Compliance requirements

Discussion of guidance on

• Gross/net technical provisions, Retrocessions

• Technical provisions requirements

• Equalisation reserves

• Admissible asset rules

• Solvency calculation of life and non-life

Certification

• Statement of Actuarial Opinion

• Directors’ certificate

• Audit requirement

Other requirements

• Reinsurers in cessation

• Duties of auditors

• Relations involving third countries

Dargan FitzGerald, Ernst & Young
Charlie Sweeney, Ernst & Young
Martina Fitzpatrick, Ernst & Young

III Members: €217.50
III Non - Member: €274.00