ORSA: Design and Implementation
Discipline: Regulation, Credit, Insurance
No of pages: 260
An Own Risk and Solvency Assessment (ORSA), is an internal process undertaken by an insurer or insurance group to assess the adequacy of its risk management and current and prospective solvency positions under normal and severe stress scenarios. Globally, ORSA regimes are now in force or under development in most of the significant insurance markets worldwide. In Europe, the ORSA is part of Solvency II as a key component of Pillar 2. Bogie Ozdemir, Vice President at Sun Life Financial where he is developing enterprise ORSA, provides a straightforward approach to the understanding, management, and implementation of this requirement. You will learn how to build a practical implementation plan, utilise existing resources and capabilities to support your ORSA, and learn how to manage the business impact and benefits of ORSA implementation.