Per NAIC ORSA Guidance Manual Section 3: group risk capital and prospective solvency assessment. Requires Available Capital Assessment per regulatory + economic + rating agency capital measures; Required Capital Assessment using internal models or regulatory measures; Capital Adequacy Analysis comparing available + required capital under normal + stressed conditions; Forward-Looking Solvency Assessment over the business planning horizon (typically 3-5 years); Group Risk Aggregation including diversification effects + intra-group transactions; Group Risk Capital Assessment for insurance holding companies; Prospective Solvency Assessment with stress scenarios; Use of Internal Models for ORSA with model validation + governance; and Capital Adequacy Conclusion with Board sign-off. Requirements include (a) maintain documented capital model + assumptions + (b) calculate available + required capital under base + stress + (c) project capital adequacy over planning horizon + (d) assess group + entity capital + (e) document internal model governance + validation + (f) obtain board sign-off on conclusion.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.