Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The NAIC Solvency Modernization Initiative taskforce’s adoption of the U.S. Own Risk and Solvency Assessment (ORSA) proposal in Washington, D.C. a fortnight ago has left us with a number of big questions. One of the biggest and most difficult is: What’s next?

Make no mistake; the ORSA is an evolutionary culture shift for the NAIC. It is a significant new regulatory proposal for the U.S.—and one that has the potential to impact insurance supervision. The perspectives that a well-executed ORSA can provide will be valuable to regulators, who will need to make available the time and resources to fully understand them. For insurers, the ORSA filing could provide further opportunity to engage regulators and demonstrate the utility of good capital management.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.