1. Implementation of Solvency 2 in Slovenia mag. Mateja Slapar Zavarovalnica Triglav, d.d.

2. Agenda Requirements of Solvency 2 Experience in Slovenia Current issues

3. Requirements of Solvency 2 Fundamental review of regulatory requirements for insurance firms that operate in the European Union L1 Solvency 2 Directive - framework setting out basic principles, defining the solvency system L2 Implementing measures – formulating more detail, technical rules

4. Experiance in Slovenia Stress test in 2011, LTGA in 2013, stress test in progress First draft of Insurance law implementing the S2 (Ministry of Finance, Insurance supervision agency and Insurance Association) In Actuarial association – discussions with supervisors about technical issues arising in QIS study’s

5. Current issues / developments Pillar 1: stress test in progress Work on shortening the time period to produce results, improving the results quality Improved understanding of standard formula, USP Pillar 2: Implementing measures – preparation on Solvency 2 (corporate governance, ORSA, reporting requirements, internal models) Corporate governance, risk management, ORSA requirements implementation – gap analysis between current and S2 requirements Still some areas that are not clear! Pillar 3: QRTs – what needs to be reported, avtomatization of data preparation ORSA report

6. Questions?