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.
January 23, 2013
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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