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GEN7139 Mastering ORSA for Insurance Risk Practitioners

$199.00
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A tailored course, built for your situation

Mastering ORSA for Insurance Risk Practitioners

A step-by-step implementation guide to enterprise-level risk assessment and capital adequacy alignment

$199 one-time
24-hour access provisioning 30-day money-back guarantee Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
Stakeholders are asking deeper questions about capital resilience, but most ORSA submissions still get returned for lack of narrative clarity and model grounding.

The situation this course is for

Many risk teams treat ORSA as a compliance ritual, not a strategic lever. That leads to fragmented narratives, inconsistent scenario logic, and analyses that fail to influence capital planning. The result? Repeated revisions, diluted credibility, and missed opportunities to lead from the risk function.

Who this is for

Insurance risk practitioner at a global carrier refining capital adequacy assessments under evolving internal and regulatory scrutiny

Who this is not for

Entry-level analysts preparing templates without decision influence, or executives who delegate ORSA entirely to teams

What you walk away with

  • Produce ORSA narratives with structured, defensible logic that pass senior review with fewer iterations
  • Map stress-test scenarios to internal capital models with higher precision
  • Build living risk registers that evolve with operating conditions
  • Anticipate and address pushback from capital planning or actuarial units
  • Establish a documented, reusable process that survives reviewer turnover

The 12 modules (with all 144 chapters)

Module 1. ORSA Fundamentals and Regulatory Context
Establish a clear baseline on ORSA’s role within NAIC and international frameworks, focusing on how it differs from Solvency II and where overlap creates efficiencies. Clarify intent: strategic insight, not just compliance.
12 chapters in this module
  1. Defining ORSA’s purpose in the modern insurance enterprise
  2. Comparing ORSA to Solvency II and NAIC MAR requirements
  3. Key stakeholders and their expectations of the output
  4. Regulatory review cycles and common feedback patterns
  5. How ORSA informs internal capital adequacy decisions
  6. Distinguishing ORSA from ERM and actuarial reporting
  7. Common misconceptions that weaken early drafts
  8. Structural components of an approved ORSA submission
  9. Timeline alignment with fiscal and audit cycles
  10. Document hierarchy: from summary memo to technical annex
  11. Version control in multi-contributor environments
  12. Building credibility before the review begins
Module 2. Governance and Stakeholder Alignment
Identify decision points across legal, actuarial, and finance teams, and map where ORSA inputs are expected. Focus on pre-submission alignment to reduce rework.
12 chapters in this module
  1. Tracking stakeholder mandates across departments
  2. Aligning ORSA timelines with capital planning cycles
  3. Engaging actuarial teams on model assumptions
  4. Legal input on materiality thresholds and disclosure
  5. Finance team expectations for capital sensitivity
  6. Establishing cross-functional review checkpoints
  7. Managing conflicting priorities in integrated carriers
  8. Building consensus on worst-case scenarios
  9. Documented escalation paths for unresolved gaps
  10. Creating summary briefs for non-technical leaders
  11. Feedback loops between working groups and execs
  12. Maintaining neutrality in politically charged reviews
Module 3. Risk Identification and Categorization
Systematize risk discovery across underwriting, investment, operations, and strategic domains. Build a repeatable taxonomy that supports aggregation and reporting.
12 chapters in this module
  1. Sourcing risk inputs from business unit leads
  2. Classifying risks by origin and controllability
  3. Mapping risk categories to reporting obligations
  4. Capturing emerging risks from external signals
  5. Differentiating inherent vs. residual risk
  6. Thresholds for risk materiality inclusion
  7. Using historical loss data to validate categories
  8. Handling duplicate or overlapping risk entries
  9. Documenting rationale for omitted risk types
  10. Integrating third-party risk assessments
  11. Calibrating risk language across teams
  12. Versioning the master risk taxonomy
Module 4. Scenario Development and Stress Testing
Design credible, forward-looking scenarios tied to strategic exposures. Move beyond templates to build dynamic, defensible stress tests.
12 chapters in this module
  1. Sourcing scenario ideas from macroeconomic signals
  2. Designing scenarios relevant to AIG’s portfolio mix
  3. Calibrating severity levels to historical precedents
  4. Linking scenarios to existing capital models
  5. Testing interdependencies between risk types
  6. Building narrative context for technical outputs
  7. Incorporating management action assumptions
  8. Documenting scenario selection rationale
  9. Validating assumptions with subject matter experts
  10. Stress-testing model boundaries and break points
  11. Producing consistent outputs across iterations
  12. Annotating limitations for transparency
Module 5. Capital Modeling and Adequacy Assessment
Align ORSA outputs with internal capital models, focusing on confidence intervals, time horizons, and liquidity-linked thresholds.
12 chapters in this module
  1. Integrating ORSA with economic capital models
  2. Defining time horizons for short- and long-term views
  3. Setting confidence levels for capital requirements
  4. Incorporating liquidity risk into capital calculations
  5. Adjusting for diversification benefits
  6. Assessing capital needs under stressed scenarios
  7. Benchmarking against peer carrier disclosures
  8. Documenting model assumptions and simplifications
  9. Handling uncertainty in long-tail liabilities
  10. Producing comparative tables for leadership review
  11. Mapping capital gaps to remediation strategies
  12. Versioning capital adequacy conclusions
Module 6. Risk Aggregation and Interdependence
Model how risks interact across units and geographies. Move from siloed views to enterprise-level insight.
12 chapters in this module
  1. Identifying correlation points between risk types
  2. Mapping operational risks to financial outcomes
  3. Assessing contagion risk in global operations
  4. Aggregating risk exposure by region and line
  5. Using heat maps to visualize combined impact
  6. Evaluating risk offsetting and diversification
  7. Documenting assumptions in aggregation logic
  8. Testing sensitivity to correlation changes
  9. Handling data gaps in cross-unit reporting
  10. Producing consolidated risk views
  11. Aligning aggregation methods with auditors
  12. Communicating interdependence to non-experts
Module 7. Forward-Looking Assessment and Strategic Integration
Connect ORSA to strategic planning by linking risk outlook to M&A, pricing, and market exit decisions.
12 chapters in this module
  1. Sourcing strategic plans for risk input
  2. Assessing risks in new market entries
  3. Evaluating M&A targets through ORSA lens
  4. Linking risk profile to pricing strategies
  5. Stress-testing business model resilience
  6. Incorporating climate risk into long-term views
  7. Assessing geopolitical exposure in operations
  8. Modeling impact of regulatory changes
  9. Documenting strategic risk trade-offs
  10. Producing risk-informed growth scenarios
  11. Updating assessments during market shifts
  12. Aligning forward views with capital planning
Module 8. Documentation and Reporting Standards
Build clear, consistent narratives that meet internal and regulatory expectations. Focus on clarity, not volume.
12 chapters in this module
  1. Structuring the executive summary effectively
  2. Organizing technical annexes by theme
  3. Using visuals to communicate risk severity
  4. Writing for mixed-technical audiences
  5. Maintaining tone and style across contributors
  6. Standardizing definitions and metrics
  7. Referencing regulatory bases in footnotes
  8. Building audit-ready source references
  9. Version control for multi-draft workflows
  10. Producing summary decks for leadership
  11. Archiving submissions for future reference
  12. Ensuring accessibility and retention compliance
Module 9. Internal Review and Approval Workflow
Navigate pre-submission reviews with clarity. Reduce rework by anticipating feedback loops.
12 chapters in this module
  1. Mapping internal sign-off requirements
  2. Scheduling review cycles to avoid bottlenecks
  3. Preparing for actuarial and finance challenges
  4. Responding to legal team reservations
  5. Incorporating audit function input
  6. Managing version conflicts in feedback
  7. Documenting resolution of objections
  8. Escalating unresolved issues appropriately
  9. Building pre-approval consensus
  10. Tracking changes from draft to final
  11. Producing change logs for transparency
  12. Finalizing submission packages
Module 10. External Regulatory Submission and Follow-Up
Prepare for regulatory review cycles with confidence. Understand common questions and how to answer them.
12 chapters in this module
  1. Formatting submissions per NAIC guidelines
  2. Identifying reviewers’ most frequent questions
  3. Preparing backup documentation packages
  4. Anticipating follow-up on scenario choices
  5. Responding to requests for additional analysis
  6. Tracking submission status and timelines
  7. Documenting regulatory feedback
  8. Updating internal processes based on input
  9. Aligning with state and federal expectations
  10. Preparing for on-site reviews
  11. Maintaining regulator communication logs
  12. Planning for next-cycle improvements
Module 11. Living ORSA and Continuous Updates
Transform ORSA from annual exercise to real-time function. Build triggers and update protocols.
12 chapters in this module
  1. Defining triggers for interim ORSA updates
  2. Monitoring external risk indicators
  3. Integrating market events into risk views
  4. Updating models after major transactions
  5. Communicating changes across teams
  6. Maintaining versioned update history
  7. Scheduling periodic refreshes
  8. Reducing lag in risk response
  9. Linking to crisis management protocols
  10. Training new staff on living process
  11. Auditing update timeliness
  12. Benchmarking update frequency against peers
Module 12. Driving Value Beyond Compliance
Position ORSA as a strategic asset. Show how depth of command creates influence and career upside.
12 chapters in this module
  1. Using ORSA to inform capital allocation
  2. Shaping board-level risk discussions
  3. Supporting pricing and underwriting decisions
  4. Guiding M&A integration planning
  5. Enhancing public investor communications
  6. Building reputation as risk thought leader
  7. Mentoring junior staff on ORSA logic
  8. Contributing to industry best practices
  9. Presenting at internal leadership forums
  10. Aligning with ESG and sustainability goals
  11. Demonstrating ROI on risk function
  12. Documenting long-term impact of risk work

How this maps to your situation

  • When your ORSA draft returns with more questions than approvals
  • Before the next actuarial model calibration cycle
  • When leadership asks for a simpler narrative on capital resilience
  • After a major transaction alters your risk exposure

Before vs. after

Before
ORSA feels like a compliance burden, drafts get delayed, stakeholders push back, and clarity lags.
After
You produce assessments that stand up under scrutiny, earn quicker sign-offs, and serve as reference points across the organization.

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters)
  • Downloadable templates and worked examples for every module
  • Hand-built implementation playbook delivered alongside course access
  • 30-day money-back guarantee

Delivery and format

  • Course and learning environment access provisioned within 24 hours of purchase
  • Hand-built implementation playbook delivered alongside course access

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.

Time investment: Approximately 90 minutes per week over six weeks, designed to fit around core responsibilities.

If nothing changes
Without sharpening ORSA execution, your analyses may continue to require repeated revisions, diluting influence and missing the chance to position risk as a strategic function.

How this compares to the alternatives

Unlike generic ERM courses or certification prep, this focuses exclusively on ORSA implementation with real-world templates, scenario logic, and narrative structures used by leading insurers.

Frequently asked

Is this relevant if I’m not at a life insurer?
Yes. ORSA applies to all NAIC-regulated insurers, including property and casualty. The course covers cross-sector applications.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me if I’m preparing for an internal audit?
Yes. The documentation and review modules are designed to help your ORSA output pass both internal and regulatory scrutiny on the first pass.
$199 one-time. Approximately 90 minutes per week over six weeks, designed to fit around core responsibilities..

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

30-day money-back guarantee· 144 chapters· Hand-built playbook included· Account access within 24 hours
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