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SAM and the Prudential Standards

South African prudential regulation for insurers, from the economic balance sheet through to group supervision.

Curriculum

What this course covers.

Twenty lessons, in the order you work through them, from the three pillars through to group solvency. This is the syllabus; lessons publish on a rolling basis and your library will show exactly what is ready as each one publishes.

  1. SAM in context: from Solvency II to the Prudential Standards8 min
  2. The three pillars and a map of the FSIs8 min
  3. The economic balance sheet: valuing assets and liabilities10 min
  4. Technical provisions I: the best estimate12 min
  5. Technical provisions II: the risk margin10 min
  6. Contract boundaries: SAM versus IFRS 178 min
  7. The SCR: structure of the standard formula10 min
  8. Market risk module12 min
  9. Life underwriting risk module12 min
  10. Non-life underwriting risk module12 min
  11. Counterparty default and operational risk10 min
  12. Aggregation and diversification: the correlation matrices10 min
  13. The MCR: mechanics and the corridor8 min
  14. Own funds: tiering and eligibility10 min
  15. Internal models versus the standard formula8 min
  16. The ORSA: purpose and process10 min
  17. Governance: control functions and the head of actuarial function10 min
  18. Reporting: the SAM returns cycle8 min
  19. Insurance groups: the FSGs and group supervision10 min
  20. Group solvency: group SCR, eligible own funds, intra-group transactions12 min

Buying

R1,950, twelve months, when it opens.

R1,950

Not yet open for enrolment

The price and access period are the same as every other course, twelve months from purchase. This course opens for enrolment once its first lessons are in the library.

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Questions

Before it opens.

Who is this course for?

Actuaries working on prudential returns, capital modelling or governance under the Prudential Standards issued by the Prudential Authority and the FSCA.

Is this the same as IFRS 17?

No. SAM is South African prudential regulation and IFRS 17 is financial reporting. They share some inputs, which this course covers where it matters, but they are different regimes with a course each.

Why is this not open yet?

Amatle Institute does not sell a course before its lessons are ready. This one is priced and built, and opens once the first lessons are in the library.

Does this count towards CPD?

Amatle Institute is not an accredited CPD provider. You receive a certificate of completion naming the course and the date. ASSA is phasing in an outputs-based system; confirm with ASSA what it will accept for your own position.