Own risk and solvency assessment definition

Own risk and solvency assessment means 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 insurance group's current business plan, and the sufficiency of capital resources to support those risks.

Own risk and solvency assessment means an insurer or insurance group's confidential internal assessment:

Own risk and solvency assessment or "ORSA" means

Examples of Own risk and solvency assessment in a sentence

• Own risk and solvency assessment requirement.Subject to section 26.1-10.2-05, an insurer, or the insurance group of which the insurer is a member, regularly shall conduct an own risk and solvency assessment consistent with a process comparable to the own risk and solvency assessment guidance manual.

• Own risk and solvency assessment Own risk and solvency assessment (hereinafter referred to as “ORSA”) is an integral part of the risk management system.

• Own risk and solvency assessment is set out in detail in the own risk and solvency assessment policy.

• River Dell Middle School works closely with the student’s family and other professionals to provide appropriate remediation.

• Own risk and solvency assessment must also be performed regularly, especially after any significant change in the risk profile (SII Directive 2009:L335/34 Article 45).SII Directive (L335 2009:35 Article 46) further requires that an effective internal control system must at least include administrative and accounting procedures, an internal control framework, appropriate reporting arrangements at all levels of the undertaking and a compliance function.

More Definitions of Own risk and solvency assessment

Own risk and solvency assessment or "ORSA" means a confidential internal assessment,

Own risk and solvency assessment means a confidential internal assessment of the material and relevant risks associated with an insurer’s or insurance group’s business plan and of the sufficiency of capital resources to support the business plan that the insurer or insurance group conducts and that is appropriate for the nature, scale and complexity of the insurer or insurance group.

Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complex- ity of an insurer or insurance holding company system, conducted by that insurer or insurance holding company system, of the mate- rial and relevant risks associated with the insurer’s or insurance holding company system’s current business plan and of the suffi- ciency of capital resources to support those risks.

Own risk and solvency assessment means a confidential internal

Own risk and solvency assessment means a confidential internal assessment, appropriate to the

Own risk and solvency assessment means a confidential

Own risk and solvency assessment. (or “ORSA”), means the assessment which a designated insurance holding company is required to carry out in relation to its supervised group, to assess the adequacy of the group’s risk management and current, and likely future, solvency position, as described in Module K – Enterprise Risk Management For Supervised Groups – K.S/13.