Introduction
This course systematically covers the fundamental principles of financial statement preparation newly required under the introduction of the new system. Based on these principles, it provides a detailed explanation of effective profit and loss management strategies and their practical applications. To facilitate the understanding of complex concepts, the course adopts a structured and practical approach, ensuring that participants can accurately meet the new system’s requirements.
Additionally, the course clearly explains the fundamental concepts related to the new solvency regime and emphasizes their significance in assessing the financial soundness of insurance companies. It also compares the new solvency regime with MCEV (Market Consistent Embedded Value), providing a detailed analysis of their key differences and similarities. By doing so, the course enables participants to gain an in-depth understanding of how each framework influences insurance company valuation and risk management. This approach supports learners in developing a clear understanding of the new solvency regime and MCEV, allowing them to explore practical implementation strategies.