ORSA Implementation for Canadian Insurers 2016

Topics

• Developing an implementation plan to build on existing capabilities
  • Dynamic Capital Adequacy Testing (DCAT)
  • Financial Risk Management (FRM)
  • The differences & similarities between DCAT & ORSA
  • Quantitative Impact Studies (QIS)
  • Reverse Stress Testing
  • Are DCAT Scenarios appropriate for ORSA?
  • What is the current GAP?
• OSFI regulatory requirements
  • Capital Risk Planning
  • Measurement
  • Internal validation
  • Budgeting
  • Governance and board level involvement
• Managing impact and driving business benefits from ORSA
  • Managing mixed signals: tension between regulatory and ORSA capital
  • Increased governance, transparency and formalization of decision making
  • Capital and business mix optimization to improve ROE under duel measures (ORSA and Regulatory Capital)
  • Is ORSA capital irrelevant when regulatory capital is binding on aggregate?
• Building new capabilities
  • Economic/Risk Capital estimations:
  • A comprehensive risk appetite for ORSA
  • Validation and governance
  • Aggregation and diversification
• Supplementing the framework
  • Integrating capital measures
  • Integrating Earnings at Risk (EaR)

Who should Attend

• Economic Capital
• ORSA/ICAAP
• Internal Audit
• Regulatory Capital
• Enterprise risk
• Model Validation
• Quantitative Analysis
• Operational Risk
• Head of Compliance
• Chief Risk Officer
• Capital Planning