ERM-132-18: Best Practices For Creating Your Own ORSA Report


#1

Reading Source: https://www.workiva.com/blog/best-practices-creating-your-orsa-report

Topics Covered in this Reading:

  • Do not make the ORSA Summary Report overly complex
  • Avoid being too broad or too vague in the ORSA Summary Report
  • Avoid a prescriptive approach
  • Do not wait until the last minute to start the ORSA process to put together the Summary Report
  • Do not make the ORSA a separate process
  • Avoid manual and time-consuming reporting processes
  • Look beyond the statistics to figure capital requirements
  • Do not produce the ORSA Summary Report in a vacuum
  • Do not take a siloed approach to the ORSA process
  • Do not simply report on past results