Posts Tagged ‘Woolstenhulme (Micah)’



October 3rd, 2013

Acing ORSA and Bringing it Home: Webinar Scheduled: October 10, 2013

Posted at 3:00 AM ET

The National Association of Insurance Commissioners’ (NAIC’s) Own Risk and Solvency Assessment (ORSA) goes into effect on January 1, 2015. Currently, many (re)insurers are in the process of developing and implementing their ORSA plans and approaches to the new regulation. They may be challenged over how much work has yet to be done and how best to do it. However, while some of the challenges are understandable, through “Business Management Integration” (BMI) there is an easier and more reliable way to approach this new regulation.

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April 4th, 2013

What About the “S” in ORSA? Actuaries Raise Their Hands: Part II

Posted at 1:00 AM ET

Micah Woolstenhulme, Senior Vice President
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This post is Part II of an earlier post that reviewed a session held at the Casualty Actuarial Society Annual Meeting.  In that session, attendees hypothetically viewed the P&C industry as a single large company. Audience members were shareholders and session panelists adopted various executive and leadership roles in the company. The meeting’s task was to vet an economic capital model before the board of directors, allowing individual shareholders the freedom to openly question the model’s input and results. This model, if properly developed and embedded into the company’s strategic management, would represent a key component of the Own Risk and Solvency Assessment (ORSA) Summary Report that will be required of large companies in the industry as early as 2015. Along the way, the presentation and board discussion were interrupted to poll the audience members on several interesting questions.

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April 3rd, 2013

What About the “S” in ORSA? Actuaries Raise Their Hands: Part I

Posted at 1:00 AM ET

Micah Woolstenhulme, Senior Vice President
Contact

At the 2012 Casualty Actuarial Society (CAS) Annual Meeting in Orlando, Florida, the general session, “Economic Capital Modeling for ORSA in the U.S. Property and Casualty (P&C) Industry:  The Stakeholders Convene,” afforded participants a novel opportunity to satisfy their continuing education credits. In that session, attendees hypothetically viewed the P&C industry as a single large company. Audience members were shareholders and session panelists adopted various executive and leadership roles in the company.

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