Using a Risk Management Own Risk and Solvency Assessment to Improve Risk-to-Reward Decision-Making
7 Pages Posted: 23 Sep 2012 Last revised: 24 Sep 2012
Date Written: September 20, 2012
Abstract
Insurance companies can leverage the regulatory requirement of a "Risk Management Own Risk and Solvency Assessment" (RMORSA) to improve risk-to-reward decision-making in general, and business planning in particular. This paper profiles several RMORSA-based improvements and explains how those improvements can be practically used to more effectively assess and navigate market uncertainties.
Keywords: RMORSA, ORSA, Risk Management, Decision-making, Insurance
JEL Classification: D81, G22, R38
Suggested Citation: Suggested Citation
Calandro, Jr., Joseph and Delbridge, Paul and Scheinerman, David, Using a Risk Management Own Risk and Solvency Assessment to Improve Risk-to-Reward Decision-Making (September 20, 2012). Available at SSRN: https://ssrn.com/abstract=2150701 or http://dx.doi.org/10.2139/ssrn.2150701
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