ORSA process implementation for internal stakeholders

The Own Risk and Solvency Assessment (ORSA) is an emerging framework that is quickly becoming a global regulatory requirement for insurance undertakings and a key element of enterprise risk management (ERM).  This framework requires companies to regularly evaluate their risk profiles and to ascertain whether or not sufficient provision has been made for capital to support their strategic business plans over a multiyear period.  The implementation of this framework is referred to as the ORSA process.