NAIC moves closer to Solvency II equivalency
The National Association of Insurance Commissioners (NAIC) has
adopted legislation outlining the Own Risk and Solvency Assessment
(ORSA) for US insurers, a key element in modernising regulation in
the US.
The move, announced on 12 September, will bring US regulations more
in line with Pillar II of the European Solvency II regime,
according to PricewaterhouseCoopers (PwC) partner Charles
Garnsworthy.
Each state will now have to adopt the Risk Management and ORSA
(RMORSA) model into law to become effective from 1...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
