ORSA Summary Report Crash Course
With 2015 deadlines approaching, the NAIC recently conducted a pilot program with 13 insurers and shared some guidelines and best practices.
September 26, 2012
Come 2015, insurers will need to file Own Risk and Solvency Assessment (ORSA) Summary Reports, and the National Association of Insurance Commissioners (NAIC) is taking pains to prepare insurers by providing specific feedback and guidelines well in advance to the 2015 deadlines. A new report from Deloitte relates best practices as well as results from an ORSA pilot program conducted by the NAIC in a new report, titled “The Own Risk and Solvency Assessment: A regulatory guidepost to the future.”
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