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Feb 25

Compliance Course: Risk Based Capital

February 25 @ 9:00 am - 1:00 pm

General Details

Date: 25th Jan 2020
Time: 9:30 am 
CPD: 2 Points

The Insurance Institute of Kenya (IIK) in Partnership with Insurance Regulatory Authority (IRA) invites you to nominates participants to attend a seminar on “Risk Based Capital” that will take place on Thursday 25th  February 2021 at 9.30 am Via Zoom.

Around the world, countries are transitioning their insurance markets to more risk-based capital (RBC) regimes to ensure that insurers have sound financial positions and hold adequate levels of capital.  This, in turn, enables the insurance sector to withstand shocks, and continue to operate while paying policyholders’ claims efficiently.  The Global Financial Crisis have taught us this lesson; while the Covid-19 pandemic is a constant harsh reminder.

Insurance companies are required to implement a Risk-based Capital (RBC) framework and enhance their approaches of complying with the risk-based supervision approach.

This training will cover the following:
• State Capital Requirements (Fixed).
• Minimum for Licensing & Operation.
• RBC Problems.
• Commissioners Overview of RBC Model Law Actions.
• RBC Model Law Actions.

Kindly nominate your staff to attend this Course By allowing them to register via the link: https://bit.ly/IIKRBC21. The course will be ideal for Heads of Departments, Human Resources, Finance Managers , Underwriting – Life & General as well Legal and Claims Departments. The charges for the training will be Kshs. 1,000/= per participant and IIK members who attend this course will earn 4 CPD points.

Please confirm your attendance by Thursday, 18th February 2021 by registering via the link: https://bit.ly/IIKRBC21 or contacting the IIK office on 020-2330255/77 or 0735 350 450 for more information.

Details

Date:
February 25
Time:
9:00 am - 1:00 pm