US insurers expect less benefit from Orsa than European firms
European life insurers are particularly challenged by Orsa implementation, finds survey
Insurers expect to derive significant benefits from undertaking an Own Risk and Solvency Assessment (Orsa), but many companies are struggling to implement key aspects, according to a survey of insurers' enterprise risk management practices.
Almost 90% of insurers globally expected the Orsa, such as that required for Solvency II, or a similar risk assessment process, to be beneficial to their business. And nearly half expected significant benefits to be gained from the process, the survey by
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