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  #1  
Old 02-22-2016, 11:27 AM
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Default 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.
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  #2  
Old 02-22-2016, 11:52 AM
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Quote:
Originally Posted by TheDarkKnight View Post
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.
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Old 02-22-2016, 12:02 PM
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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.
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Old 02-22-2016, 12:06 PM
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My latest favorite quotes, updated Oct 13, 2017.

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JMO is right
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Originally Posted by Westley View Post
And def agree w/ JMO.
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This. And everything else JMO wrote.
And this all purpose permanent quote:
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Yup, it is always someone else's fault.
MORE:
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Old 02-23-2016, 10:39 AM
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Old 06-02-2016, 07:23 PM
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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
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Old 06-02-2016, 07:27 PM
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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
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Old 06-02-2016, 07:29 PM
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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?
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Old 06-02-2016, 08:28 PM
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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.
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Old 06-03-2016, 12:21 AM
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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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