Dear Sir or Madam

Operational Risk is mostly seen as less significant. The attention in the Solvency II-regulations is not particularly high, if the relevance of the capital requirements for an effective risk management is concerned. The banking industry went through similar experiences. However, it is changing. Since the call of the Financial Stability Board in November 2012, supervisors are revisiting the regulations regarding operational risk. Some changes will significantly impact the industry.

Except for the banking industry, we also see significant changes in laws and regulations regarding the (life) insurance industry. Regulatory standards are still implemented. Legal claims in the financial industry have increased both in volume and impact.

This is why we offer the seminar "Modern Methods for Operational and Reputational Risks" on 16/17 April 2015 in Düsseldorf, Germany. In this training we focus on operational risk, the big cases, impact on the insurance industry and the magnitude of legal and reputational risk.

The seminar is relevant for all actuaries, who are involved or interested in enterprise risk management or Own Risk Self Assessments.

The early-bird registration fee is € 790.00 plus 19 % VAT until 16 February 2015. After this date the fee will be € 970.00 plus 19 % VAT.

Please find additional information attached and on our website incl. an online registration form. You may also find an overview on upcoming events enclosed.

We are looking forward to your registration and please do not hesitate to contact us, if you have any questions.