Using a Risk Management Own Risk and Solvency Assessment to Improve Risk-to-Reward Decision-Making
7 Pages Posted: 23 Sep 2012 Last revised: 24 Sep 2012
Date Written: September 20, 2012
Insurance companies can leverage the regulatory requirement of a "Risk Management Own Risk and Solvency Assessment" (RMORSA) to improve risk-to-reward decision-making in general, and business planning in particular. This paper profiles several RMORSA-based improvements and explains how those improvements can be practically used to more effectively assess and navigate market uncertainties.
Keywords: RMORSA, ORSA, Risk Management, Decision-making, Insurance
JEL Classification: D81, G22, R38
Suggested Citation: Suggested Citation