Pakistan Society of Actuaries


The Qatar Financial Centre Regulatory Authority (QFCRA) has introduced Own Risk Self-Assessment (ORSA) as mandatory part of reporting for insurance companies. ORSA is a detailed forward-looking examination of the adequacy of an insurer’s risk management policies, procedures and controls and the insurer’s current and future solvency position. ORSA requirements is in line with the global regulatory frameworks like Solvency II.