Skip to main content
Image coming soon

Own the ORSA Process End to End

$199.00
Adding to cart… The item has been added

A tailored course, built for your situation

Own the ORSA Process End to End

Build authority across risk assessment, capital modeling, and executive reporting in your current role

$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.

Who this is for

Mid-level compliance or risk professional at an insurance carrier with demonstrated responsibility for regulatory deliverables, now positioned to expand influence within the ORSA cycle.

Who this is not for

Individuals outside insurance risk or governance, or those whose role is limited to data entry or audit tracking without analytical responsibility.

What you walk away with

  • Lead ORSA risk workshops with confidence in framework structure
  • Produce capital modeling narratives with traceable, defensible logic
  • Draft executive summaries that elevate risk insights to strategic input
  • Navigate NAIC ORSA guidance with precision and reference-ready examples
  • Own stakeholder inputs and outputs, no more coordination bottlenecks

The 12 modules (with all 144 chapters)

Module 1. ORSA Foundations and NAIC Expectations
Map the current ORSA landscape to NAIC requirements and insurer-specific risk profiles. Understand what regulators look for in substance, not form.
12 chapters in this module
  1. What ORSA is intended to achieve
  2. NAIC ORSA guidance structure
  3. Differences from Solvency II
  4. Scope of risk types covered
  5. Internal controls and risk appetite
  6. Documentation standards
  7. Frequency and timing
  8. Use of third-party inputs
  9. Linkage to capital planning
  10. Regulatory review expectations
  11. Common gaps in practice
  12. How to align stakeholders early
Module 2. Risk Identification and Categorization
Systematize risk detection across operational, market, credit, and strategic domains. Build repeatable taxonomies that scale across reviews.
12 chapters in this module
  1. Top-down vs bottom-up risk scans
  2. Interviewing business units
  3. Risk taxonomy design
  4. Risk-interdependency mapping
  5. Heat mapping basics
  6. Thresholds for materiality
  7. Emerging risk signals
  8. External benchmarking
  9. Scenario brainstorming
  10. Documentation standards
  11. Risk register structure
  12. Versioning and audit trail
Module 3. Risk Appetite Framework Integration
Connect risk appetite statements to ORSA inputs. Translate high-level policy into measurable risk tolerances.
12 chapters in this module
  1. Defining risk appetite vs tolerance
  2. Linking to strategic goals
  3. Quantitative thresholds
  4. Qualitative boundaries
  5. Escalation triggers
  6. Integration with capital model
  7. Stakeholder alignment
  8. Executive sign-off process
  9. Updating for market shifts
  10. Tracking breach events
  11. Reporting deviation
  12. Governance committee role
Module 4. Capital Modeling Fundamentals
Understand the assumptions, sensitivities, and limitations behind capital models used in ORSA. Gain confidence in reviewing, not just receiving, results.
12 chapters in this module
  1. Purpose of capital modeling
  2. Types of capital models
  3. Input assumptions
  4. Stress testing logic
  5. Scenario design principles
  6. Time horizon selection
  7. Correlation assumptions
  8. Tail event modeling
  9. Model validation basics
  10. Model risk considerations
  11. Simplification for reporting
  12. Transparency in output
Module 5. Scenario Design and Testing
Build credible, relevant scenarios that challenge risk and capital assumptions without veering into fiction.
12 chapters in this module
  1. Types of scenarios
  2. Single-point vs multi-point
  3. Economic downturn construction
  4. Interest rate shocks
  5. Mortality and morbidity shifts
  6. Lapse rate stress
  7. Catastrophe modeling
  8. Operational risk shocks
  9. Liquidity stress design
  10. Cyber risk scenarios
  11. Aggregation methods
  12. Narrative coherence
Module 6. Risk Aggregation and Interdependencies
Move beyond siloed risk views. Model how risks compound and interact under stress.
12 chapters in this module
  1. Why aggregation matters
  2. Risk correlation basics
  3. Portfolio-level impact
  4. Non-linear interactions
  5. Second-order effects
  6. Time lags in risk emergence
  7. Cascading failure paths
  8. Capital impact estimation
  9. Mitigation effectiveness
  10. Reporting interdependencies
  11. Visualizing risk networks
  12. Avoiding double-counting
Module 7. Liquidity Risk in ORSA
Identify, measure, and report liquidity risk within ORSA. Understand asset-liability mismatches and stress funding needs.
12 chapters in this module
  1. Definition of liquidity risk
  2. Sources of outflows
  3. Liquid asset categories
  4. Run risk indicators
  5. Wholesale funding dependence
  6. Stress testing liquidity
  7. Contingency funding plan
  8. Monitoring thresholds
  9. External market access
  10. Reporting frequency
  11. Regulatory expectations
  12. Internal escalation
Module 8. Operational Risk and Cyber Exposure
Incorporate operational and cyber risks into ORSA with credible loss distributions and mitigation tracking.
12 chapters in this module
  1. Defining operational risk
  2. Loss event categories
  3. Cyber risk scenarios
  4. Insurance coverage limitations
  5. Third-party dependencies
  6. Data integrity risks
  7. Key person risk
  8. Fraud indicators
  9. Reputation damage modeling
  10. Mitigation tracking
  11. Scenario realism
  12. Integration with ERM
Module 9. Executive Summary and Reporting
Transform technical analysis into executive-grade summaries. Focus on clarity, strategic relevance, and decision-readiness.
12 chapters in this module
  1. Audience: Who reads ORSA
  2. Length and structure
  3. Key takeaways first
  4. Narrative flow
  5. Risk ranking presentation
  6. Capital implications
  7. Mitigation status
  8. Forward-looking statements
  9. Uncertainty disclosure
  10. Avoiding jargon
  11. Visual aids
  12. Version control
Module 10. Stakeholder Coordination and Input Gathering
Lead ORSA as a cross-functional process. Align legal, actuarial, investment, and operations teams efficiently.
12 chapters in this module
  1. Stakeholder mapping
  2. Responsibility matrix
  3. Timeline coordination
  4. Data request design
  5. Follow-up process
  6. Conflict resolution
  7. Escalation paths
  8. Alignment sessions
  9. Assumption validation
  10. Feedback integration
  11. Version tracking
  12. Audit readiness
Module 11. Regulatory Review and Documentation
Prepare for NAIC review with strong documentation practices. Demonstrate rigor without over-engineering.
12 chapters in this module
  1. Documentation standards
  2. Version control
  3. Assumption tracking
  4. Source references
  5. Internal sign-offs
  6. Regulatory inquiry prep
  7. Follow-up response process
  8. Gap documentation
  9. Lessons learned
  10. Continuous improvement
  11. Knowledge transfer
  12. Retention policy
Module 12. Continuous Improvement and Iteration
Turn ORSA into a living process. Use past cycles to refine assumptions, structure, and execution for the next round.
12 chapters in this module
  1. Post-mortem process
  2. Feedback collection
  3. Timeline refinement
  4. Assumption calibration
  5. Stakeholder satisfaction
  6. Efficiency gains
  7. Automation opportunities
  8. Model updates
  9. Regulatory changes
  10. Resource planning
  11. Knowledge capture
  12. Succession planning

How this maps to your situation

  • Preparing for ORSA cycle kickoff
  • Mid-cycle stakeholder alignment
  • Final review and submission
  • Post-submission assessment

Before vs. after

Before
ORSA elements are managed in fragments across teams, with limited ownership over the full narrative.
After
You lead the ORSA process end to end, from risk identification to executive summary, with confidence in every input and output.

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 3-4 hours per module, designed to fit around your schedule.

How this compares to the alternatives

Unlike generic risk courses, this program is specific to ORSA and NAIC expectations, with actionable templates and real-world examples tailored to insurance compliance practitioners.

Frequently asked

Is this aligned to NAIC ORSA guidance?
Yes, every module is structured around NAIC ORSA requirements and includes direct references to the guidance.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Can I use this if my company follows Solvency II?
Yes, while focused on NAIC, the frameworks are transferable and differences are clearly explained.
$199 one-time. Approximately 3-4 hours per module, designed to fit around your schedule..

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
!