Enterprise Risk Management (ERM) and an Insurer’s Own Risk and Solvency Assessment (ORSA)
Instructor:
Adam Kerns
Product ID: 704931
- Duration: 60 Min
Why Should You Attend:
This webinar will deliver comprehensive, in-depth review of the various sections of the state insurance Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual (ORSA). They will also have a better understanding of how to actually complete an ORSA Summary Report to satisfy state law requirements in this area.
Areas Covered in the Webinar:
- Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual (ORSA) introduction
- ORSA Guidance Manual introduction
- Detailed review of ORSA Summary Report Section 1-Description of the Risk Management Framework
- Detailed review of ORSA Summary Report Section 2-Insurer Assessment of Risk Exposures
- Detailed review of ORSA Summary Report Section 3-Group Economic Capital and Prospective Solvency Assessment
- Accreditation considerations and uniformity among the states
- Current status of state adoption and implementation
- Comparison of the ORSA Summary Report to the Form F-Enterprise Risk Report required under the Insurance Holding Company System Regulatory Act
- Real world application to insurer’s daily operations and lessons learned so far
Who Will Benefit:
- Insurance Compliance Professionals
- Insurance Legal Staff
- Insurance Government Affairs Representative
- Insurance Finance/Accounting Staff
- Chief Audit Executives
- Auditors
- Compliance Officers
- Risk Managers
- Enterprise Risk Management Officers Internal Auditors
- Finance Professionals
- Risk Management Professionals
- Governance, Risk, Compliance (GRC) staff
- Chief Compliance Officers
- Operational Risk Directors
Adam Kerns
Assistant General Counsel, American Insurance Association
Adam Kerns joined the American Insurance Association (AIA) in 2012 as an Assistant General Counsel and has a JD and CPA. He concentrates on state, federal, and international financial regulatory initiatives. His current areas of responsibility include group supervision, group capital, corporate governance, solvency, and climate change.
Refund Policy
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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).
