Regulatory Alerts2024-10-04 | 29758Consultation on Draft Own Risk and Solvency Assessment (ORSA) Guideline for Insurers
The Insurance Sector regulator issued a consultation on the draft Own Risk and Solvency Assessment (ORSA) Guideline for insurers. This guideline establishes the framework and requirements for insurers to conduct comprehensive internal assessments of their risk profiles and solvency positions. The consultation seeks stakeholder feedback to refine the regulatory expectations regarding risk management and capital adequacy processes.
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