ORSA (Own Risk and Solvency Assessment)

ORSA (Own Risk and Solvency Assessment) is a process insurance companies use to evaluate their own financial health and risks. It helps them identify potential challenges that could affect their ability to meet policyholder commitments. By assessing their risks and capital needs regularly, insurers ensure they have enough financial resources to stay solvent even in adverse situations. This proactive approach supports prudent decision-making, ensuring the company remains stable and can fulfill its obligations to policyholders, regulators, and shareholders.