Company: Thomson Reuters
Category: Enterprise Risk Management
Published: 18 June 2014
The Own Risk and Solvency Assessment (ORSA) is a process to identify, assess, monitor and manage the risks associated with a company's business strategy. This process helps to determine the own funds necessary to meet solvency needs at all times.
This whitepaper focuses on enterprise risk management as the foundation for regulatory compliance and strategic business decision making. For insurance organizations that are required by regulators to implement an ORSA program, it also provides a framework and the processes that will produce a comprehensive risk profile.
Download this whitepaper to learn:
• What is ORSA
• How to align ORSA with an ERM framework
• Questions that ORSA should answer
• Data management challenges around ORSA
• How ORSA and an ERM framework can drive business value