One goal of Own Risk Solvency Assessment (ORSA) is to

estimate the present and future solvency of an insurance company. ORSA should be framed within a prospective and multi-period process with a projection period length comprised of between three and 20 years, depending on the company’s business, but most often between five and 20 years. Hence, this allows ORSA to be the link between the enterprise risk management (ERM) framework and the one-year horizon solvency framework. Indeed, one-year security/solvency usually goes against profitability. On a 10-year horizon, a solvency requirement partially depends upon minimum financial performance of the company: good performance, while mainly benefiting shareholders, helps build safety nets that should benefit policyholders but can also be used as risk-absorbing mechanisms in unfavor-able events. Conversely, a less profitable company coul