Enterprise Risk Management for ORSA Planning in Insurance Companies

Virtual Workshop




The Own Risk & Solvency Assessment (ORSA) has quickly evolved from a relatively unknown requirement to an important present-day regulatory reality, one in which an organization’s Enterprise Risk Management (ERM) framework plays a large role.

The ORSA requires insurers to articulate their own judgment about risk management and the adequacy of their capital position. This is meant to encourage management to anticipate potential capital needs and to take proactive steps to reduce solvency risks.

Are you equipped to orchestrate cross functional collaboration, which is needed to compile the annual ORSA report? This virtual workshop will arm you with the knowledge and tools necessary to continuously make ORSA a component of your firm’s ERM framework.

Registration Fees
RIMS Members: $775 USD | Non-members: $1,175 USD (review registration details below)

Continuing Education Credits
CE, CLE, and CPE, click here for eligibility and hours

Download the Workshop Outline


July 23–24 | 11:00 am–5:00 pm ET
Registration Closes July 22 | Enroll Now

Instructor: Elise Farnham, President, Illumine Consulting




ERM is an integrated forward-looking, process-oriented approach to managing key risks and opportunities in your organization. The primary purpose of ERM in insurance companies is to provide reasonable assurance that your company can achieve its objectives. In other words “enable the business.” By the end of this workshop you will:

  • Draft an ERM governance structure.
  • Outline ERM policies and procedures.
  • Understand the steps for developing risk appetite statements.
  • Develop strategies to embed risk assessments into organizational processes.
  • Create a feedback loop mechanism for risk management effectiveness.
  • Identify mechanisms for assessing current and future risk profile, solvency and liquidity positions.
  • Apply techniques to review the effectiveness of the ERM framework.


This program is suitable for experienced risk professionals who are tasked with identifying and/or managing risks and those who want to gain a better understanding of how an ERM framework impacts the ORSA report process.

RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.

Level: Intermediate

Formats: Live virtual, in-person, private corporate training, or chapter workshop. Contact PD@RIMS.org regarding corporate and chapter training.




For registration assistance, please contact us at PD@RIMS.org.

Cancellations and Refunds

RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.

All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.