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There has been a paradigm shift away from the state-versus-federal regulation debate in the U.S. to concerns about international regulatory proposals, according to the Property Casualty Insurers Association of America.

The U.S. ORSA is an evolutionary culture shift for the NAICso what comes next?

As part of its Solvency Modernization Initiative (SMI), the National Association of Insurance Commissioners over the last 15 months has been developing requirements for all insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM) practices and related...

What ORSA means for insurers and their ERM practices.

The NAIC must balance the demands of the international supervisory community with the needs of its own insurance community in the U.S.and though everyone shares a common objective of convergence, it appears that compromises may be necessary to move forward.

The NAIC must balance the demands of the international supervisory community with the needs of its own insurance community in the U.S.and though everyone shares a common objective of convergence, it appears that compromises may be necessary to move forward.

A manual to be used to implement the proposed Own Risk and Solvency Assessment (ORSA) requirement for property and casualty insurance holding companies has been sent up the ranks at the National Association of Insurance Commissioners meeting.

A manual to be used to implement the proposed Own Risk and Solvency Assessment (ORSA) requirement for property and casualty insurance holding companies has been sent up the ranks at the National Association of Insurance Commissioners meeting.