The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.
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Author Archives: Kris DeFrain
New Regulation Expected in the U.S. – Own Risk and Solvency Assessment (ORSA)
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
Posted in Regulation and tagged ORSA.