By implementing the international ORSA system, Amar Insurance LLC guarantees financial stability and ensures the reliability of the compensation of the intermediary.
In the context of legal compliance, we have been launching the ORSA (Own Risk and Solvency Assessment) program, a methodology for assessing your own risk and solvency within the framework of legal compliance. The program is a complex approach to identifying, measuring, controlling, and managing risks, with each of its internal and external factors, and a magnifying glass that allows us to look at the entire insurance company. With the implementation of ORSA, the risk management process has become more transparent, and risk management has become easier to control and mitigate because it is the most appropriate way to determine the specificity, scope, and interdependence of risks to business operations. With international experience, insurance companies require insurers to be transparent about how they manage their risk, and by this standard, Insurance is openly communicating how it accepts and manages the risk of its partners and insurers through the introduction of the ORSA program.
In accordance with the Financial Regulatory Committee's Resolution No. 558 of 2022, Amar Insurance prepares its Own Risk and Solvency Assessment Report and annually reports its risk assessment to the Financial Regulatory Committee and its subsidiaries, citizens and shareholders in a very clear manner.
https://www.solvencyiisolutions.com/orsa/
