ORSA definition

ORSA means a confidential internal assessment,

ORSA means Own Risk Solvency Assessment.

ORSA means a document covering company’s own risk and solvency assessment that is produced once in a calendar year or more frequently, if required (ORSA produced for the Mandatum Group, the "Group ORSA").

Examples of ORSA in a sentence

A change in the ORSA guidance manual is effective with regard to this State on January 1st following the calendar year in which the change has been adopted by the National Association of Insurance Commissioners.
The Board requires that the ORSA process produces meaningful reports on the adequacy of the Company’s capital and risk sensitivities that can be used in shaping strategy and risk appetite.
The objective of the ORSA process is to enable the Board to assess its capital adequacy in the light of its assessments of its risks and the potential impacts of its risk environment, and enable it to make appropriate strategic decisions.
The business plan, which forms the base of the ORSA, contains a three-year projection of funding requirements and this helps focus actions for future funding.
Balcia, at least once a year, carries out an Own Risk and Solvency Assessment (ORSA).

ORSA means the own risk and solvency assessment required to be carried out under rule 10;

ORSA shall have the meaning set forth in Section 5.22(b).

ORSA means the Own Risk and Solvency Assessment as provided for in Regulation 47 of the 2015 Regulations.

ORSA means Own Risk and Solvency Assessment and aims to assess the overall solvency needs of an insurance company.

ORSA means Own Risk and Solvency Assessment which is a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurer group’s current business plan, and the sufficiency of capital resources to support those risks.

ORSA means the Own Risk & Solvency Assessment process;