Insurance Recovery and Resolution Directive – what, why and when.

Welcome and Introduction Lauri Saraste, Chairperson AAE Insurance Committee Pre-emptive Recovery Plans Mike Claffey, Member AAE Insurance Committee This session will cover the requirement for insurers and reinsurers to prepare and maintain recovery plans in all EU countries following the implementation of the IRRD. We will discuss the risk function’s role in recovery planning and how the IRRD and the Solvency II directive overlap. Resolution of Failing Insurance and Reinsurance Entities Arjen Prinsen, De Nederlandsche Bank / Dutch Central Bank This session will cover the proposed mechanisms and authorities that will be established for the resolution of failing insurance and reinsurance entities in all EU countries following the implementation of the IRRD. Insurance Guarantee Schemes in the EU Lauri Saraste, Chairperson AAE Insurance CommitteeEIOPA and the European Commission have recently commenced a review of IGS within the EU. This session will discuss actuarial aspects and insights into current IGS and the IRRD and what this might mean for the future. Q&A With all the speakers discussing topics from audienceModerator: Stephanos Hadjistyllis, Actuarial Association of Europe