ORSA Archives - Carrier Management

For Good Measure: Connecting Corporate Strategy With Risk Tolerance

When early seafarers began to chart the world's distant corners for the first time, a crucial component to the required technology was measurement. Measures needed to be both accurate and practical. ...

EY CRO Survey Preview: Evolution Toward True ERM

With regulatory requirements intensifying and endless technological advances, senior risk management executives for property/casualty insurers face a complex and shifting landscape. As a result, many ...

More Regulatory Uncertainty: Coping With Brexit

Have you ever been skydiving? If, like me, you're a newbie with a healthy fear of jumping out of an airplane thousands of feet above the ground, the trick is to never quite believe it's going to ...

U.S. ORSA Reports Need Improvement: Regulator’s Viewpoint

If U.S. regulators graded insurers on their ORSA reports, the report cards might say "incomplete" or "needs improvement," a representative of the National Association of Insurance Commissioners ...

PwC Board Survey: Majority of Large Insurers Have Risk Committees, CROs

Property/casualty insurance company senior executives aren't the only carrier leaders overwhelmed by multiple demands on their time. Members of P/C insurer boards of directors are similarly ...

CAS Launches Program Leading to Predictive Analytics, Data Science Credentials

Specialists in predictive analytics and data science will soon be able to add credentials reflecting their expertise to their résumés and business cards, provided they meet the requirements of a ...

Stress Testing Your ERM Initiative: Is It Delivering What You Need?

Solvency regulation has entered a new phase in the insurance industry as in-depth, forward-looking insurer self-assessments replace reviews of past balance sheets in states where Own Risk and ...

The 10 Do’s and Don’ts of the ORSA Summary Report

2015 marks the beginning of a new era of regulatory requirements for the insurance industry as many states have now adopted the Risk Management and Own Risk and Solvency Assessment ('ORSA') Model Act ...

International Capital Standards: A Risk Management Mirage

The financial crisis spurred a wave of new regulatory proposals at the state, federal and international levels. Many of the new ideas in insurance supervision offer extremely promising ways to foster ...

How to Develop a Robust Risk Appetite Statement

In a recent Own Risk and Solvency Assessment webinar conducted by FTI Consulting, more than 50 percent of attendees stated they had not adequately defined risk appetite as part of their ORSA ...