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.