Own Risk & Solvency Assessment (ORSA) Certification Training

This course equips participants with the practical knowledge, tools, and frameworks needed to implement a structured Own Risk & Solvency Assessment process within an insurance or financial services organization. The course focuses on real-world application, guiding learners through the fundamental components of ORSA, common challenges (such as stress and scenario testing), and compliance expectations using real case examples. Training is designed to be customizable to your company’s specific ORSA requirements with expert mentorship throughout.

Introduction to ORSA

• Purpose and regulatory context
• ORSA in an enterprise risk management (ERM) framework



Key Elements of ORSA

• Identifying material risks
• Relating risk to capital and solvency positions



ORSA Process and Structure

• ORSA cycle, planning & documentation
• Practical roadmap from data gathering to reporting



Risk Assessment & Capital Adequacy

• Quantitative and qualitative risk assessment
• Linking ORSA to capital targets and internal thresholds



Stress Testing & Scenario Analysis

• Designing effective stress tests
• Connecting results to risk appetite and solvency projections



Governance & Board Engagement

• Roles of management and board in ORSA
• Communication & documentation best practices



Compliance & Regulatory Expectations

• Meeting supervisory guidelines
• Preparing for regulatory submissions and review



Practical Case Studies

• Real world examples and business-relevant applications
• Discussion of common pitfalls and solutions

• A basic understanding of insurance functions, risk management or capital requirements.
• Familiarity with enterprise risk management (ERM) concepts or willingness to learn foundational risk principles.
• Experience in financial services, insurance operations, actuarial, compliance, audit or risk-related roles (helpful but not mandatory).
• No formal qualifications are required, but familiarity with risk terminology and financial reporting concepts will help maximise learning outcomes.

• Risk Managers and ERM Practitioners
• Actuarial Analysts and Insurance Professionals
• Compliance, Internal Audit and Regulatory Reporting Staff
• Senior Management, Board Members and Executives involved in risk and capital processes
• Consultants supporting ORSA preparation and regulatory submissions
• Professionals seeking certification in ORSA best practices and implementation

• 20 multiple-choice questions covering all course modules
• Passing requirement: at least 15 correct answers
• Two attempts allowed to achieve a passing score
• Certificate issued upon successful completion of the exam

Obtaining the ORSA (Own Risk & Solvency Assessment) certification provides professionals with structured, practical skills to design, implement and manage robust risk assessment frameworks that meet regulatory expectations and support strategic decision‑making in insurance and financial services. This training goes beyond theoretical concepts by teaching participants how to integrate enterprise risk management with solvency and capital planning, conduct forward‑looking risk scenarios, perform stress and sensitivity analyses and document ORSA reports in alignment with supervisory requirements. With real‑world examples and step‑by‑step tools, learners gain the ability to assess the full risk profile of an organisation, align risk appetite with capital resources, and embed a continuous ORSA process into governance and risk culture - helping insurers and financial institutions enhance resilience and regulatory compliance.

From a career and financial perspective, earning this certification with guided training can significantly enhance professional credibility, employability and earning potential in risk and actuarial functions. ORSA expertise is highly valued by insurers, reinsurers, regulators and consulting firms, where professionals who can bridge risk, finance and strategic planning are in strong demand. Depending on experience and role, certified professionals - such as Enterprise Risk Managers, ORSA Specialists, Actuarial Analysts or Solvency & Capital Strategists - can command annual salaries ranging from $90,000 to $140,000, with senior leadership or strategic risk positions often exceeding $160,000. By combining a recognised certification with practical, application‑focused training, participants not only validate their ORSA expertise but also position themselves for advancement into influential roles that support stronger risk governance, capital optimisation and organisational resilience.

He is a seasoned enterprise risk management professional with extensive practical experience in guiding ORSA projects and submissions within the insurance and financial services industry. He brings real‑world expertise in structured ORSA implementation, stress and scenario testing and ensuring compliance with regulatory expectations through hands‑on examples tailored to participants’ own business requirements. His training emphasizes practical application over theory, helping learners avoid common pitfalls and understand the critical components and value drivers of a comprehensive ORSA submission. Passionate about strengthening risk competence, he equips participants with the tools and confidence to lead ORSA processes effectively and with clarity.

By the end of this course, you will be able to: