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While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.

While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.

Just a month after all the ballots were counted, insurance-industry panelists at the 23rd annual Executive Conference tried to make sense of this years election results.

Just a month after all the ballots were counted, insurance-industry panelists at the 23rd annual Executive Conference tried to make sense of this years election results.

When it comes to ERM, models are extremely useful. Yet, they can also be dangerous.

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

Companies facing the upcoming ORSA may consider using the NAIC Risk Based Capital measure to meet the assessments requirementsbut the RBC has limitations.

Insurers voice opinions on the Model Act so regulators can review reporting requirements prior to the implementation deadline. What are they saying?