Regulators see 'long journey' to getting Orsas right

Insurers still treating own-risk assessment too much like a compliance exercise, Nordic supervisors say


Regulators have criticised some Nordic insurers for shortcomings in risk assessments filed in the run-up to Solvency II implementation, saying it will take time for firms to grasp the principles behind this key element of the directive.

Nordic firms have been among the most advanced in Europe in their readiness for Solvency II, as local regulators had pre-implemented parts of the new regime over recent years.

However, some firms filing own risk and solvency assessments (Orsas) under

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: