Author Archives: Kris DeFrain

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About Kris DeFrain

Kris DeFrain, FCAS, MAAA, CPCU is the 2010-2011 Vice President-International of the Casualty Actuarial Society. She is the NAIC Director, Actuarial and Statistical Department in Kansas City, Missouri.

New Regulation Expected in the U.S. – Own Risk and Solvency Assessment (ORSA)

Posted on September 21, 2011 by Kris DeFrain

The NAIC is currently discussing a proposal that some describe as the biggest enhancement to the U.S. financial regulatory framework since RBC was introduced in the 1990s. This change is a Solvency Modernization Initiative proposal to require large insurance groups and some large insurers to perform an Own Risk and Solvency Assessment (ORSA). An ORSA … Read more »

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