US insurers and regulators misaligned on Orsa

As the third pilot for the US Orsa takes place, some in the industry complain that regulators are moving away from a principle-based approach

arrows

As the third US Own Risk and Solvency Assessment (Orsa) pilot project enters its critical phase, insurers and consultants are warning that regulators and insurers might not be following the same playbook when it comes to designing an appropriate framework to evaluate and report firms' capital needs.

The US Orsa is intended to be a principle-based process, allowing insurers to conduct an assessment "appropriate to the nature, scale and complexity" of the firm, in the words of the model law. But a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here