Solvency II Orsa consultation clarifies key points, but challenges remain for insurers
Insurers still need to develop an effective format ‘to articulate risk and solvency position’, warns PwC
The European Insurance and Occupational Pensions Authority's (Eiopa) consultation on the guidelines for the Own Risk and Solvency Assessment (Orsa) has clarified a number of important areas, but further detail is still needed, according to experts.
The consultation paper, published yesterday by Eiopa, focused on the high-level requirements for the Orsa.
"The guidelines focus on what is to be achieved by the Orsa rather than on how it is to be performed. With the overall solvency needs assessment
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