The key role that the Own Risk and Solvency Assessment (ORSA) plays in the overall enterprise risk management of life (re)insurers has been highlighted very clearly in the past year as (re)insurers have grappled with the direct and indirect impacts of COVID-19 on their businesses.
Over the past five years, since the introduction of Solvency II, the focus areas and process around ORSAs have continued to evolve and we share with you some general insights on evolving themes and development areas observed, in relation to the ORSA process, covering:
KPMG provide a range of supports and across the Insurance Risk and Actuarial Advisory sector. Examples of how our team of experts can assist include:
For further information, contact our team below - we'd be delighted to hear from you.