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Risk Solutions

Own Risk & Solvency Assessment (ORSA)

ORSA: Where some see regulatory burden, we see opportunity

Milliman helps firms to design and implement their ORSA process and provides tools and techniques to assess their risks and evaluate the resources available to manage and mitigate them. This includes risk capital calculation, emerging risk assessment, stress and scenario analysis, and reverse stress testing.

INSIGHT

Milliman ORSA Insight

Issue Brief

Recommendations for developing a Stress and Scenario Testing framework

This note provides high-level recommendations for insurance companies when developing or enhancing their Stress and Scenario Testing (SST) framework.

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Issue Brief

ORSA: Key Considerations for 2017

EIOPA has recently issued a supervisory statement providing feedback on the ORSAs submitted in 2016.

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Research Report

Assessing the appropriateness of the Solvency II standard formula

The assessment of the appropriateness of the standard formula is a key part of the Own Risk and Solvency Assessment (ORSA) process under Solvency II.

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White Paper

Judging the appropriateness of the Standard Formula under Solvency II

This article provides a short overview of the structure of the Standard Formula, presents a suggested framework and worked examples, and discusses challenges and pitfalls to be considered.

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RELATED PRODUCTS

Milliman ORSA products

Financial modeling and industrialization
Financial modeling & industrialization

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Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

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RELATED PRODUCTS

Milliman ORSA services

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