Insurance Risk North America: insurers behind on risk assessment framework for Orsa

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Insurers have made progress in developing their risk management framework for the forthcoming US Own Risk and Solvency Assessment (Orsa), but significant work still needs to be done in order to meet the deadline for implementing the new regime, according to the results of a survey by IBM unveiled at Insurance Risk North America.

The survey found that insurers had made progress in defining their risk management framework but a significant proportion had yet to define and implement a risk appetite

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