Own Risk and Solvency Assessment (ORSA) - NAIC Model Act
Reporting and Regulatory

Own Risk and Solvency Assessment (ORSA) - NAIC Model Act ORSA-S4: ORSA Reporting, Regulatory Submission, and Strategic Integration

Per NAIC ORSA Model Act: annual reporting and ongoing regulatory engagement. Requirements include (a) prepare + submit Annual ORSA Summary Report to lead state regulator including Sections 1-3 + (b) maintain ORSA Confidentiality and Regulatory Use protections per state law + (c) update ORSA between annual filings on material risk + strategy + structure change + (d) maintain Regulator Onsite Review and Examination Readiness including supporting documentation + access + (e) integrate ORSA outputs with Strategic and Business Planning + capital management + product + pricing + reinsurance decisions + (f) maintain change management for material updates to ORSA methodology + scope + assumptions + (g) maintain board engagement on ORSA results + remediation + improvement.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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