Own Risk and Solvency Assessment (ORSA): Unlocking Business Value through ORSA Implementation
In a highly challenging economic environment accompanied by increasing regulatory pressure, implementation plans among European insurers are now focused on one of the key measures within Solvency II: own risk and solvency assessment, or ORSA.
Many insurers, however, find it hard to design an operational approach for ORSA, often considered as primarily a regulatory requirement. However, if implemented correctly, ORSA may help insurers to extract additional value from their compliance
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