Dear ASTIN Section members,

On Tuesday, June 30th, a webinar will be presented to members on "Solvency II - Regulation written for Actuaries?" The introduction of Solvency II has been one of the biggest changes in insurance regulation we have ever had. Somewhat cynically, it has been argued that it is regulation written for actuaries, but is it really? In this talk Sue will cover the key SII requirements and what they mean for actuaries both in the roles we adopt and the challenges, technical and other, that we face. Has it really been to our benefit? How can we make sure that we, as actuaries, continue to add value to the companies we work with in the new regulatory environment. What are the risks for us in the new environment and how can we counter these? In answering these questions, Sue will consider how the implementation of Solvency II has developed over the last few years and how we might see it develop in the future.

Speaker: Susan Dreksler, Associate Director, PwC Susan has worked for PwC since 1998. She is an actuary specialising in reserving, Solvency II and IFRS 4 Phase II for health and general insurers. Susan has helped a wide range of insurers to implement different facets of Solvency II. A few years ago, she designed and implemented a process for estimating Solvency II Technical Provisions for a large personal lines insurer. Since then she has provided technical support on many balance sheet reviews and day-to-day IMAP advice - helping management to understand the Solvency II requirements, providing review and challenge and working with insurers to make sure they do enough to meet the Solvency II requirements.

She is a regular speaker at industry events on reserving issues, Solvency II and IFRS II. Susan chaired the Institute and Faculty of Actuaries' Working Party on Solvency II Technical Provisions that wrote the paper 'Solvency II Technical Provisions for General Insurers'. This paper has been recommended by the PRA to reserving teams and wider staff as it is "very insightful and progresses thinking on difficult issues". She now chairs the Institute's GI Reserving Oversight Committee.

We hope to have many members participating in this webinar, which will be presented at two different times to accommodate the worldwide membership. ·

The first webinar will be held on Tuesday, June 30th at 10:00 AM (Zurich Time) - To register for the first webinar, please go to: https://iaaevents.webex.com/iaaevents/onstage/g.php?MTID=ec9bf68f2f5ac72de0862be22b6fb3e34·

The second webinar will be held on Tuesday, June 30th at 2:00 PM (Zurich Time) - To register for the second webinar, please go to: https://iaaevents.webex.com/iaaevents/onstage/g.php?MTID=e1b1706033727dd191fcd00206781d020

Participation in the webinar is complimentary for members of the ASTIN Section. Please also encourage your colleagues who may not be a member of the section to attend the webinar. However, non-members would have to pay a registration fee. The registration fee is equivalent to the section annual membership fee (i.e. $50 Canadian). If you have any questions, please communicate with Tasha Lebel at the IAA Secretariat.

We hope that you will be able to join us for the webinar!