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7/22/15 - The New ORSA Regime for US Insurers: Report Preparation and Attestation

U.S. insurers must soon meet new reporting requirements that will give their regulators — and themselves — a better view of their risk management standards and ability to weather a crisis as well as meet their longer-term business strategy. The regime also requires senior management to attest to the accuracy of the report and in effect be held responsible for its completeness and accuracy.

The Risk Management and Own Risk and Solvency Assessment Model Act, in concert with broader initiatives by state regulators, will reshape regulation of U.S. insurers and modernize their capital, governance, and risk management requirements. Please click “Read More” below to read a Sightlines InFocus by Lisa Megeaski, “The New ORSA Regime for US Insurers: Report Preparation and Attestation,” which offers a section-by-section guide to writing an ORSA.

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