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AIA cautions NAIC on US Orsa guidance

Requirements should not be made too prescriptive, says trade association

USA

The American Insurance Association (AIA) is warning that the US Own Risk and Solvency Assessment (Orsa) must not turn into a "check-box" exercise, as insurers begin to take part in a second test run of the assessment.

Twenty-one US insurers have volunteered to take part in the National Association of Insurance Supervisors' (NAIC) Orsa pilot project.

This second pilot project aims to help state

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