The ORSA has been a part of companies’ risk management processes for a number of years now. With each passing year, developments at macro, and sometimes micro, level prompt supervisors to comment on areas, which they believe warrant closer attention in the ORSA.

This briefing note considers aspects that supervisors have recently commented upon, along with other topical areas that companies may find useful to consider when preparing their 2021 ORSA.

Below is an infographic that highlights the key risk areas Irish insurers need to consider when preparing their ORSA