We invite you to a seminar hosted by KPMG, where we will discuss two major regulatory developments affecting the insurance industry: the Insurance Recovery and Resolution Directive (IRRD) and the ongoing review of Solvency II. Both come into effect in January 2027 and aim to strengthen financial stability and policyholder protection across the EU.
The IRRD introduces a harmonised EU framework for crisis preparedness, requiring structured recovery planning and enabling earlier supervisory intervention. Insurers will need to demonstrate stronger crisis‑readiness, clearer coordination with authorities and more consistent practices across Europe.
At the same time, amendments to the Solvency II framework update core quantitative requirements and refine the supervisory approach to ensure that capital standards remain risk sensitive and supportive of long‑term stability.
During the seminar, Friedrich Bolz, Partner and Insurance Specialist at KPMG Germany, will present the practical implications of these changes and share his experiences from international players that have been early in adapting to the regulations on recovery and resolution (IRRD).
Younes Elonq, Actuary from the Risk Supervision Department at the Swedish Financial Supervisory Authority (Finansinspektionen), will present the new quantitative requirements from a supervisory authority’s perspective.
We look forward to welcoming you to an engaging and informative session. After the seminar light refreshments will be served.
Warm welcome!
Olof Arwinge and Håkan Henriksson
The event will be conducted in Swedish, with the exception of the presentation delivered by Fredrich, which will be held in English.
Speakers:
Friedrich Bolz – KPMG Germany: Partner
Friedrich has over 20 years of experience in the insurance sector, focusing on topics such as governance, risk management and reporting, with a particular focus on regulatory requirements (e.g. recovery planning, Solvency II, MaGo). 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 outset. In his presentation, he will share practical insights into the process and “hands-on” experiences from working with the IRRD in Germany. He is also leading the IRRD working group within the German Association of Actuaries and has commented on EIOPA’s Level 2 drafts.
Younes Elonq – Finansinspektionen: Actuary
Younes has worked at the Swedish Financial Supervisory Authority (Finansinspektionen) for more than 20 years and is one of Sweden’s leading actuaries, with a focus on quantitative issues for insurance companies. He has represented Sweden in several working groups within the European Insurance and Occupational Pensions Authority (EIOPA) in connection with the development of Solvency II and has also been involved in the Solvency II review. He also participates in the ongoing supervision of Swedish insurance companies.
