What Guidelines on the own risk and solvency assessment requires
These guidelines require all insurance and reinsurance undertakings under the Solvency II Directive to implement and maintain an Own Risk and Solvency Assessment (ORSA) process to continuously assess their overall solvency needs and risk profile. As mandated by Guideline 14, the administrative, management, or supervisory body must approve the ORSA policy, process, and the results of each assessment.
Pillar: Insurance & Risk · Authority: European Insurance and Occupational Pensions Authority (EIOPA) · Version: 1.0.0 · Last updated:
Primary source: https://www.eiopa.europa.eu/publications/guidelines-own-risk-solvency-assessment-orsa_en
SHA-256 integrity: 1a88d20d467747ba072dd233c300d46802505fc2da398349979b9bfebd76afd0
Primary Citations — 6 traced to source
- EIOPA-BoS-14/259, Guideline 1: Scope of the ORSA
- EIOPA-BoS-14/259, Guideline 6: Determination of the overall solvency needs
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