Life & Pension Risk Nordics: Orsa risk quantification will not require internal model - Eiopa
And Danish regulator says there has been too much focus on Solvency II’s capital requirements
The requirement to conduct an Own Risk and Solvency Assessment (Orsa) will not push insurers into effectively developing an internal model to quantify their business risks, according to a risk governance expert at the European Insurance and Occupational Pensions Authority (Eiopa).
Speaking in a panel discussion on the implementation of the Orsa, Yvonne Schmerfeld, a senior expert on Solvency II at Eiopa, said there was a "linkage" between a firm's internal capital model and the Orsa when it came
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