ORSA vs ORA [17]

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Bullet points include: Proposed EAN 1 will provide non-binding guidance to actuaries for Actuarial Function Report in relation to IORP II Article 27(1). EANs are AAE educational documents on actuarial subjects for actuaries or those who use or rely on actuaries. Proposes topics AFs may wish to consider. For contribution to the IORP’s risk management suggests includes AF’s: Contribution to risk modelling underlying calculation of technical provisions and recommendations for IORP’s risk management process. Contribution to the ORA, including views on stress-testing and scenario-testing and overall funding needs. Assessment of risks to members and beneficiaries including the qualitative assessment of mechanisms protecting retirement benefits (guarantees, covenants, other financial support mechanisms, …)

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