Consultation on proposed Own Risk and Solvency Assessment (ORSA) Guidance for Ontario insurers

FSRA is launching public consultation on its proposed Own Risk and Solvency Assessment (ORSA) guidance for Ontario-incorporated Insurance Companies and Reciprocal Insurance Exchanges (Insurers).

An effective ORSA protects the rights and interests of consumers as Insurers that effectively manage their risks and maintain adequate capital above regulatory capital levels under a range of plausible adverse scenarios enables them to maintain stability, long-term viability and meet their policyholders’, members’ and subscribers’ obligations.

FSRA is now seeking feedback on its proposed ORSA guidance. The consultation will close on January 28, 2025.

Learn more:

• Proposed Guidance: Own Risk and Solvency Assessment (ORSA) for Ontario-incorporated Insurance Companies and Reciprocal Insurance Exchanges

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