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      This event has been held.

       

      Our event 'Latest development on the implementation of IRRD' brought together Finansiel Stabilitet, expectedly to be appointed part of the resolution authorities, and industry experts to clarify the regulatory landscape aimed at strengthening financial stability in the insurance sector. We took a closer look at the upcoming implementation of the IRRD and shared experiences from Germany, where work on recovery plans is already well advanced.

      Hear directly from Finansiel Stabilitet about their perspective on the IRRD, and gain practical insights from KPMG’s industry expert, who has worked hands-on with the implementation of recovery plans.

      This event will equip you to understand the new IRRD requirements, strengthen collaboration between resolution authorities and insurance companies, and help you take the first necessary steps toward a safe and effective implementation in your organization. 
       

      Key takeaways

      • Presentation by Finansiel Stabilitet: 
        Finansiel Stabilitet is expected to be appointed as the resolution authority in cooperation with the Danish Financial Supervisory Authority (Finanstilsynet) and is working closely with both Finanstilsynet and the Ministry of Industry, Business and Financial Affairs on implementing the IRRD into Danish legislation. In their presentation, Finansiel Stabilitet provided an overview of the IRRD implementation process, including coordinated collaboration with EIOPA. They also shared their expectations for the industry, including the development of future resolution plans.

      • Presentation from KPMG Industry Expert:
        Friedrich Bolz from KPMG Germany shared his experiences with implementing the IRRD. As early as 2019, the German supervisory authority, BaFin, required relevant insurance companies to develop and implement recovery plans, and Friedrich and his team have been deeply involved from the beginning. In his presentation, he provided practical insights into the process and shared concrete experiences from working with the IRRD in Germany.

      Target group:  

      The event was aimed at professionals from the insurance industry as well as banks with insurance operations. 



      If you have any questions, please contact:

      Kristoffer Bork

      Partner, Advisory

      KPMG in Denmark




      Agenda

      • 07.30 – 08.15 | Arrival and registration with light breakfast 

      • 08.15 – 08.25 | Welcome and introduction to the day’s topic and speakers

      • 08.25 – 09.10 | Presentation by Finansiel Stabilitet with Kristine Lilholt Nilsson og Chistina H. Schipper Bjaaland

      • 09.10 – 09.55 | Presentation by KPMG industry expert, Friedrich Bolz (please note that this presentation is held in English)

      • 09.55 – 10.00 | Closing remarks and networking


      Speakers

      Kristine Lilholt Nilsson, Finansiel Stabilitet

      Kristine Lilholt Nilsson has been employed as IRRD Lead at Finansiel Stabilitet since August 2024, where she is the project manager for Finansiel Stabilitet’s work on implementing the IRRD. Before joining Finansiel Stabilitet, she worked at F&P, where she was involved in advocacy during the IRRD negotiations. Kristine has previously worked as a lawyer and also has experience from the central administration.

      Kristine Lilholt Nilsson

      Christina H. Schipper Bjaaland, Finansiel Stabilitet

      Christina H. Schipper Bjaaland has been employed as a chief consultant at Finansiel Stabilitet since August 2024 and is involved in the implementation of the IRRD. Christina is an actuary and has previously worked in both the private sector and at the Danish Financial Supervisory Authority, where she worked in the life insurance department.

      Christina H. Schipper Bjaaland

      Friedrich Bolz, KPMG Germany

      Friedrich Bolz has more than 15 years of experience and expertise in life, non-life, and health insurance. He advises on risk management, finance, and (actuarial) accounting, and has led complex projects across all pillars of Solvency II – including liquidity risk as well as recovery and resolution planning. Additionally, he has led several financial transformation projects aimed at elevating insurance companies’ finance functions to the next level – primarily through the development and implementation of a new Target Operating Model that creates efficiency and value.

      Friedrich Bolz

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