This webinar offer a comprehensive and in-depth review of the National Association of Insurance Commissioner’s (NAIC) Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual (ORSA). Participants will learn about real world application to insurer’s daily operations and lessons learned so far.
Why Should You Attend:
This webinar will deliver comprehensive, in-depth review of the various sections of the state insurance Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual (ORSA). They will also have a better understanding of how to actually complete an ORSA Summary Report to satisfy state law requirements in this area.Areas Covered in the Webinar:
- Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual (ORSA) introduction
- ORSA Guidance Manual introduction
- Detailed review of ORSA Summary Report Section 1-Description of the Risk Management Framework
- Detailed review of ORSA Summary Report Section 2-Insurer Assessment of Risk Exposures
- Detailed review of ORSA Summary Report Section 3-Group Economic Capital and Prospective Solvency Assessment
- Accreditation considerations and uniformity among the states
- Current status of state adoption and implementation
- Comparison of the ORSA Summary Report to the Form F-Enterprise Risk Report required under the Insurance Holding Company System Regulatory Act
- Real world application to insurer’s daily operations and lessons learned so far
Who Will Benefit:
- Insurance Compliance Professionals
- Insurance Legal Staff
- Insurance Government Affairs Representative
- Insurance Finance/Accounting Staff
- Chief Audit Executives
- Auditors
- Compliance Officers
- Risk Managers
- Enterprise Risk Management Officers Internal Auditors
- Finance Professionals
- Risk Management Professionals
- Governance, Risk, Compliance (GRC) staff
- Chief Compliance Officers
- Operational Risk Directors
Course Provider
Adam Kerns,
