87: ORSA: Perspectives on an International Practice
Actuarial Specialties:
(L)
(H)
(N)
(B)
(E)
(P)
Own Risk and Solvency Assessment or ORSA is a requirement of the International Association of Insurance Supervisors (IAIS) and jurisdictions world-wide are implementing it beginning as early as 2014 in some jurisdictions. While it is a supervisory requirement, the focus of ORSA is on "Own" and insurers are making ORSA a logical part of their risk and governance frameworks. Come and hear some perspectives on ORSA, its promise and its challenges, from both regulators and insurers.
Moderator:
Stuart Wason
4:00 p.m. - 5:30 p.m.
Stuart Wason, Danny Saenz, Ralph Blanchard, Rahim Hirji