PINS 2.4.2 Who must conduct ORSA?

(1) An insurer that is a QFC entity must conduct its ORSA annually.

Note An insurer that is a branch is not required to conduct ORSA.
(2) The assessment must be appropriate to the nature, scale and complexity of the insurer's business.
(3) The insurer's ORSA must include its own assessment of the capital resources needed to manage its business prudently and to continue to meet its insurance liabilities as they fall due, despite the existence of adverse scenarios.
Inserted by QFCRA RM/2013-1 (as from 1st January 2015).