Archive for December, 2009
Unlocking the mystery of the risk framework around ORSA
As part of the Enterprise Risk Management Framework, Pillar 2 requires firms to undertake an Own Risk and
Solvency Assessment (ORSA) to demonstrate “sound and prudent management of the business” and assess overall solvency needs. This article focusses on the impact of ORSA, the guidance to date, where companies currently stand and the key issues and challenges they face. Adhering to this aspect of Solvency II will mean significant and cultural change for many insurance companies. Click here to read full article.
Solvency II: An update (November 2009)
Framework Directive The European Council formally adopted the Framework Directive on 9 November 2009 which will be published shortly in the Official Journal of the European Union. A copy of the final ...
