CRO Forum Paper on the Own Risk and Solvency Assessment (ORSA): Leveraging regulatory requirements to generate value

- A set of standards that could be applied by insurance undertakings with respect to conducting a self assessment of risk and capital solvency called Own Risk and Solvency Assessment (‘ORSA’). Although the ORSA is driven by regulatory requirements it has an intrinsic value to internal stakeholders to manage risk, capital and solvency at an enterprise level in an insurance undertaking.