IAIS Insurance Core Principles (ICPs)
ICP 16: Enterprise risk management for solvency purposes – IAIS Insurance Core Principles (ICPs)

IAIS Insurance Core Principles (ICPs) 16.13: 16.13 ORSA determines needed financial resources; risk actions consider economic and regulatory capital; capital quality and adequacy assessed

Through the ORSA the insurer must determine the overall financial resources it needs given its risk appetite and business plans, base its risk management actions on its economic capital, regulatory capital requirements, financial resources and the ORSA, and assess the quality and adequacy of its capital resources against regulatory capital requirements and any additional capital needs.

Maintained by Gerard BlokdykControl text last updated

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