Own Risk and Solvency Assessment (ORSA) — NAIC Model Act
The NAIC Risk Management and Own Risk and Solvency Assessment Model Act (Model #505) requires US insurance companies to maintain a risk management framework and conduct an Own Risk and Solvency Assessment (ORSA). Adopted by most US states, ORSA requires insurers to assess the adequacy of their risk management and current/future solvency position.
Domains
Reporting and Compliance
Section 3 - Group Risk Capital and Solvency
Section 2 - Risk Exposure Assessment
Section 1 - Risk Management Framework
Frequently Asked Questions
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