Insurers Not as Prepared for ORSA as They Think

A recent survey shows a gap between the perception of Own Risk Solvency Assessment Model Act preparedness and the actual completeness of insurers’ enterprise risk management frameworks.

INN Breaking News, January 23, 2013

Carrie Burns

While a recent survey indicates insurers see value in the Risk Management and Own Risk Solvency Assessment Model Act (ORSA), another survey shows a gap between the perception of ORSA/enterprise risk management preparedness and the actual completeness of insurers' ERM frameworks, according to PwC US's 2012 U.S. Insurance ERM & ORSA Readiness Survey.

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