Survey: P/C insurers say ORSA will help risk-management efforts

01/22/2013 | Insurance Networking News

Property/casualty insurers say they'll be able to enhance their enterprise risk management's connection with capital and strategic planning once the Own Risk and Solvency Assessment regulatory requirements are implemented, a Towers Watson survey indicates. Firms' reported level of preparation for ORSA shows "that either companies expect the requirements to eventually be broadened to a larger percentage of companies, or they are beginning to see potential benefits in the process of improving evaluation of their own risk and solvency position whether or not the regulation will apply," Towers Watson's Bruce Fell says.

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