Risk Solutions
Own Risk & Solvency Assessment (ORSA)
Snapshot of the market’s view on the use of the Own Risk and Solvency Assessment (ORSA) process and key areas for improvement.
This article explores how (re)insurers can embed sustainability within governance frameworks and risk culture.
This note provides high-level recommendations for insurance companies when developing or enhancing their Stress and Scenario Testing (SST) framework.
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.
EIOPA has recently issued a supervisory statement providing feedback on the ORSAs submitted in 2016.
The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies.
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.
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.
