Own Risk & Solvency Assessment (ORSA)
Own Risk & Solvency Assessment (ORSA)
ORSA: Where some see regulatory burden, we see opportunity
Milliman ORSA Insight
2024 ORSA barometer survey for insurers in Ireland
Snapshot of the market’s view on the use of the Own Risk and Solvency Assessment (ORSA) process and key areas for improvement.
Embedding sustainability within insurance governance frameworks and risk culture
This article explores how (re)insurers can embed sustainability within governance frameworks and risk culture.
Recommendations for developing a Stress and Scenario Testing framework
This note provides high-level recommendations for insurance companies when developing or enhancing their Stress and Scenario Testing (SST) framework.
Key regulatory changes in Thailand: RBC2 quantitative requirements, ERM guidelines, and ORSA reporting requirements
In Thailand, 2019 will be a year of considerable regulatory changes pertaining to risk management. The new risk-based capital framework will replace the current one, and insurance companies will be required to implement ERM and ORSA.
ORSA: Key Considerations for 2017
EIOPA has recently issued a supervisory statement providing feedback on the ORSAs submitted in 2016.
ORSA: The Irish experience
The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies.
Assessing the appropriateness of the Solvency II standard formula
The assessment of the appropriateness of the standard formula is a key part of the Own Risk and Solvency Assessment (ORSA) process under Solvency II.
Judging the appropriateness of the Standard Formula under Solvency II
This article provides a short overview of the structure of the Standard Formula, presents a suggested framework and worked examples, and discusses challenges and pitfalls to be considered.
