ORSA vs ORA [11]

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Bullet points include: Is not. A new rules-based solvency calculation. A pre-defined process. The firm needs to develop its own (efficient) self-assessment process. A process (key function) which as a starting point can be outsourced. A process with one concrete number as its output. ORSA has many similarities with ICAAP and equivalents applicable to other parts of the financial services industry

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