1. ORSA
a Short Term Insurance Perspective
Francois Berry

2. Agenda
Themes
Benefits
Summary

3. Optimal CapitalOptimal Capital
Risk ProfileRisk Profile

4. Risk Profile
Model deficiencies
Changes since last time
Elements not modelled
Group Capital Requirements
Projection of Capital requirements

5. Optimal CapitalOptimal Capital
Risk ProfileRisk Profile Business StrategyBusiness Strategy

6. Business Strategy
Vision & Mission (Part of standing info)
Unpacking strategy (lessons learnt)
Financial results overview (including Forecast)
External Environment

7. Optimal CapitalOptimal Capital
Risk ProfileRisk Profile StrategyStrategy
FrameworksFrameworks

8. Risk Frameworks &
Governance
Governance
3 lines of defence
Operational Risk - (deeper than capital modelling)
Risk Events

9. Optimal CapitalOptimal Capital
Risk ProfileRisk Profile StrategyStrategy
Risk FrameworksRisk Frameworks The UnknownThe Unknown

10. The Unknown
Scenario Testing (link to strategy)
Emerging risks

11. The Benefits
Summary of many summaries.....
Understanding of key risk drivers
Focus on Risk Appetite
An assessment of what needs to be done

12. Optimal CapitalOptimal Capital
Risk ProfileRisk Profile StrategyStrategy
Risk FrameworksRisk Frameworks The UnknownThe Unknown
Forward Looking
Link to Risk strategy