Own Risk & Solvency Assessment (ORSA)

European insurers face challenges in the assessment of transition risks on assets for climate risk scenarios under Solvency II ORSA.

This briefing note considers aspects that supervisors have recently commented upon, along with other topical areas that companies may find useful to consider when preparing their 2021 ORSA.

This note provides high-level recommendations for insurance companies when developing or enhancing their Stress and Scenario Testing (SST) framework.

In Thailand, 2019 will be a year of considerable regulatory changes pertaining to risk management. The new risk-based capital framework will replace the current one, and insurance companies will be required to implement ERM…

EIOPA has recently issued a supervisory statement providing feedback on the ORSAs submitted in 2016.

The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies.

The assessment of the appropriateness of the standard formula is a key part of the Own Risk and Solvency Assessment (ORSA) process under Solvency II.

This article provides a short overview of the structure of the Standard Formula, presents a suggested framework and worked examples, and discusses challenges and pitfalls to be considered.

This breakfast briefing covers proposals for how the reports may be changed in the future, lessons learned from the Solvency II ORSA process in Ireland and feedback from the regulator on Irish ORSAs.