Filed Under:Agent Broker, Coverage Issues

Clean Out the Regulatory Attic

ORSA represents a shift in both the substance and timing of a regulatory filing.

By now you have probably heard about the pending new Own Risk and Solvency Assessment (ORSA) that’s making its way through the National Assn. of Insurance Commissioners’ process.

ORSA  is a departure from the traditional box-checking, number-crunching approach to most regulatory requirements. It is an enterprise risk management approach to regulation that captures information that companies are already producing for internal purposes. This new filing will be required only for companies with more than $500 million in direct written premium.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Baby, it’s cold outside! Here are 6 tips for staying safe in sub-zero temperatures

Extreme temperatures bring risks to people and property. Make sure you are taking care of yourself and your surroundings.

Top Story

5 ways insurance agencies can improve their websites

The way people use the Internet has changed over the past few years. Has your website changed with it?

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.