This podcast will discuss insurance company requirements in conducting internal risk management reviews and systems for measuring, monitoring and mitigating that risk. This process is called an Own Risk and Solvency Assessment (ORSA); it assesses the adequacy of a company’s risk management and the current and prospective solvency positions under normal and severe stress scenarios. Utilizing ORSA, an insurer will analyze reasonably, foreseeable and relevant material risks (i.e., underwriting, credit, market, operational, liquidity risks, etc.) that could impact its ability to meet its obligations, and then will report those findings to regulators.
Featuring: Robert Marshall, Vice-President & Chief Risk Officer, Chesapeake Employers’ Insurance Company
Hosted by: Dan Cotter, Attorney, Howard & Howard Attorneys PLLC

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