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-   -   ORSA (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=305628)

TheDarkKnight 02-22-2016 11:27 AM

ORSA
 
Anyone out there working on their company's (or as a consultant) ORSA reports?

No specific questions at this time - just surprised there isn't a thread about this yet.

I'm curious to hear what others are thinking about and how they're fulfilling the requirements. Also, I'm curious to see what might be different about how a health insurer handles this vs p&c vs life, etc.

JMO 02-22-2016 11:52 AM

Quote:

Originally Posted by TheDarkKnight (Post 8427893)
Anyone out there working on their company's (or as a consultant) ORSA reports?

No specific questions at this time - just surprised there isn't a thread about this yet.

I'm curious to hear what others are thinking about and how they're fulfilling the requirements. Also, I'm curious to see what might be different about how a health insurer handles this vs p&c vs life, etc.

Just an observation - every company will be different. And the dividing lines will not necessarily follow lines of business.
No, I haven't even thought about ORSA since the day I retired.

rekrap 02-22-2016 12:02 PM

The 2014 ERM Symposium had a full day seminar, with a diverse panel of regulators, companies and consultants. Here is the compiled set of presentations: https://www.soa.org/Files/Pd/2014/er...erm-sem-02.pdf

JMO is right, the difficult part in discussing ORSA is that each company's should look different, and more importantly the information is confidential (especially as it relates to stress testing and risk capital results).

And while certain buzzwords or key words should be included (and are meaningless if not really part of the company's risk culture), there is no one checklist or template, like a blue book.

JMO 02-22-2016 12:06 PM

Quote:

Originally Posted by rekrap (Post 8427973)
JMO is right

Woo, cool sigline.

rekrap 02-23-2016 10:39 AM

Quote:

Originally Posted by JMO (Post 8427988)
Woo, cool sigline.

:toth:

DoctorNo 06-02-2016 07:23 PM

The new HealthWatch (SOA Health section) is out, and Dan Perlman and I co-authored an article about what health actuaries should be thinking about with respect to ORSA.

https://t.co/V7s4i3PQEI

Starting on page 26. Mahalo!

#RiskIsORSAtunity

jas66Kent 06-02-2016 07:27 PM

Quote:

Originally Posted by DoctorNo (Post 8562395)
The new HealthWatch (SOA Health section) is out, and Dan Perlman and I co-authored an article about what health actuaries should be thinking about with respect to ORSA.

https://t.co/V7s4i3PQEI

Starting on page 26. Mahalo!

#RiskIsORSAtunity

That is a really, really basic explanation of ORSA/ERM

DoctorNo 06-02-2016 07:29 PM

Quote:

Originally Posted by jas66Kent (Post 8562398)
That is a really, really basic explanation of ORSA/ERM

Glad you enjoyed it!

Was the "101" in the title not helpful in being able to determine that it's an introduction?

jas66Kent 06-02-2016 08:28 PM

Quote:

Originally Posted by DoctorNo (Post 8562400)
Glad you enjoyed it!

Was the "101" in the title not helpful in being able to determine that it's an introduction?

Sorry, I was kind of expecting a bit more I guess.

DoctorNo 06-03-2016 12:21 AM

You all in Europe do have a bit of a head start. American health actuaries, in particular, aren't that far into this stuff (in general).


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