Kindly summarised by these lads, the NAIC's Spring National Meeting seems to have breathed life into the Stateside ORSA project, with the ORSA Manual (from p12) tabled in November now approved by the plenary, and a 15 company ORSA pilot group due to report at end of June. Feel free to drop me a line if you want any ideas! The legislative side of it (through an ORSA Model Act) is mooted to take a year, but from what point it is not clear - this article seems to have plenty of insight in this regard however.
Also relative was the NAIC's desire to set up an ERM training program for staff - sounds like a smart idea if ORSAs are in the offing, so should be interesting to see what they come up with
An online repository for Solvency II, ERM and Corporate Governance material and comment from the Principal of Governance Matters, an independent Risk Consultancy firm based on the Isle of Man.
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