Filed Under:Life Insurance, Life Planning Strategies

PwC survey identifies RMORSA preparedness gap

While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act readiness, a gap exists between the perception of RMORSA preparedness and the actual completeness of insurers' enterprise risk management frameworks, according to a new report.

PricewaterhouseCoopers (PwC), London, U.K., released this finding in its “2012 U.S. Insurance ERM & ORSA Readiness Survey.” The study is a continuation of PwC's two previous global ERM surveys, but exclusively targeted to the U.S. insurance market. The 65 survey participants comprised life, P&C and health insurance companies, covering U.S. headquartered international groups, U.S. domestic groups or companies, U.S. subsidiaries of European groups and U.S. subsidiaries of other foreign groups.

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Nichole Morford

Nichole Morford
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