The move toward principle-based regulations across the European insurance world puts a strong emphasis on corporate governance programs. Under their Own Risk and Solvency Assessment (ORSA) plans, insurance firms have to align their enterprise risk management processes with their strategic business plans. This article looks, in more detail, at some of the main Solvency II ORSA requirements, and how European insurance companies can use enterprise risk management platforms to support these key management needs.
improving customer relationships in the banking industry
risk management, enterprise risk management, risk management, Own Risk and Solvency Assessment, ORSA, Solvency II ORSA requirements, governance, risk, and compliance, predictive analytics