ORSA: The heart of ERM

I’ve stolen and paraphrased Gideon Benari at Solvency II Wire, as he calls the Own Risk and Solvency Assessment “the heart of Solvency II.” But ORSAs are coming to the United States, with the NAIC developing guidelines for large companies to report on their ORSAs.

With the Europeans building the ORSA portion of Pillar II, Gideon has outlined some of the challenges of ORSA.

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