ORSA (Own Risk and Solvency Assessment — acronym)

Category: Capital management · Reviewed by Mark Fox, Broker · Renewals · Last reviewed

ORSA (acronym)

ORSA is the standard acronym for the Own Risk and Solvency Assessment — the insurer’s own forward-looking risk and capital assessment required by Article 45 of the Solvency II Directive.

Related acronyms

• SCR — Solvency Capital Requirement.
• MCR — Minimum Capital Requirement.
• SFCR — Solvency and Financial Condition Report (public annual disclosure).
• RSR — Regular Supervisory Report (private annual disclosure).
• QRT — Quantitative Reporting Templates (quarterly).
• CGB — Conditions Governing Business chapter of the PRA Insurance Rulebook.

References

• Solvency II Directive 2009/138/EC.

Cross-references

• Own Risk and Solvency Assessment

Maintained by Matt Bartlett, Director, Apex Insurance Brokers Limited. FCA FRN 724952. Companies House 07014570.