Central and Eastern Europe

Details

  • Industry: Financial Services, Insurance
  • Type: Business and industry issue
  • Date: 7/12/2013

At the heart of Solvency II is the ORSA 

Own Risk and Solvency Assessment is a key element of the upcoming Solvency II regulation of European insurance industry, getting a recognition as an important risk management tool on international level as well. Depending on final EIOPA guidelines, due to be published in autumn 2013, and their implementation by National Competent Authorities the insurance companies will be required to perform such assessment from 2014.
At the heart of Solvency II is the ORSA
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This publication summarizes the main requirements and up-to-date information on ORSA. It also introduces the tools and possible services KPMG has developed in order to assist its clients in embedding ORSA into their business.