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The Own Risk and Solvency Assessment (“ORSA”)

How will it impact you?

Start date and time

May 15, 2013 9:00 AM

End date and time

May 15, 2013 10:00 AM

Time zone:

(GMT+08:00) Kuala Lumpur, Singapore

Venue

Deloitte Singapore
6 Shenton Way Tower Two
#32-00
Singapore 068809

Contact information

Audrey Quek
Tel : +65 6224 8288
Email: aquek@deloitte.com

Registration options

Online

Event registration is closed.

Our Invitation  

In April 2013, the Monetary Authority of Singapore (“MAS”) issued MAS Notice No. 126, Enterprise Risk Management (“ERM”) for Insurers.  The ERM requirements and guidelines in the Notice set out how insurers are to identify and manage interdependencies between key risks, and how these are translated into management actions related to strategic and capital planning matters.

A key requirement of the Notice is for an insurer to perform its Own Risk and Solvency Assessment (“ORSA”) at a minimum, annually. This is to assess the adequacy of its risk management, and current and projected future solvency position with a time horizon which is consistent with that used in its business planning.  When undertaking its ORSA, the insurer needs to document the rationale, calculations and action plans arising from this assessment.

You are cordially invited to our executive breakfast briefing to hear Mr Terry Mezger share his views on ERM framework including undertaking the ORSA process and production of related reports. The following topics will be discussed:

  • Elements of ERM framework
  • Risk Identification and Measurement
  • The specifics and extent of changes to comply with the regulatory requirement

 

About our speaker
Terry Mezger

Terry Mezger is an insurance specialist and the practice leader of Deloitte Actuarial and Insurance Solutions practice for Asia.  Terry has over 20 years’ experience in the insurance industry spanning across SouthEast Asia, Japan, Hong Kong, China, Taiwan Australia and the United Kingdom in a wide range of roles in financial matters, business development, strategy, distribution, M&A projects, IT and reinsurance. His areas of expertise include Life insurance, Distribution, Insurance M&A and Due Diligence, Reinsurance, Financial Management, Bancassurance, etc.

Participants are encouraged to register early as this complimentary event has limited seats. 

Event registration is closed.

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