TITLE

NAIC's Plan for Risk, Solvency Assessment Tests Gains Steam

AUTHOR(S)
Tessier, Denise
PUB. DATE
December 2011
SOURCE
National Underwriter / P&C;12/5/2011, Vol. 115 Issue 42, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the initiative of the National Association of Insurance Commissioners (NAIC) requiring insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM). It cites the key benefits of ORSA including improvement of capital adequacy and valuation of insurer's financial strength. Comments and criticisms against the ORSA requirement's filing frequency and timing are also explored.
ACCESSION #
67633002

 

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