First Consulting offers a full range of consulting services to create or enhance an Enterprise Risk Management (ERM) and Own Risk & Solvency Assessment (ORSA) Compliance Program for any insurance company. The services are designed to be tailored to a company’s requirements. The carrier can select from any or all of these services to give the company just the right amount of assistance with its ORSA compliance strategy.

  1. Jumpstart your Enterprise Risk Management (ERM) program with the ERM Starter Kit
    If you are looking for a budget-friendly way to get your company started on ERM, the Starter Kit gives you the tools and templates to build a compliant ERM framework that is based on language found in the Own Risk & Solvency Assessment (ORSA) Manual of the National Association of Insurance Commissioners (NAIC).  
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  2. Enhance Your Existing ERM Program with the ERM Tool Kit:
    First Consulting’s new ERM Tool Kit supplements the ERM Starter Kit to give companies the additional written policies, procedures, and templates necessary to show regulators documentation of a company’s ORSA/ERM readiness.  The ERM Tool Kit is designed to help document an existing ERM process for a regulatory review under the new NAIC Model Own Risk and Solvency Assessment (ORSA) Guidance Manual.
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  3. ERM/ORSA Program Assessment:
    If you have an ERM program or met the ORSA requirements and would like a review of the program in advance of any regulatory examination, or before filing the ORSA Risk Report or the Holding Company Act Form F, First Consulting can assess your program in detail and give you a written report based on the ORSA requirements.
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  4. ERM/ORSA Training & Educational Services:
    A first step toward building a risk culture and the ERM/ORSA framework is educating key constituents on their roles and responsibilities.  First Consulting can deliver training on ERM/ORSA or provide you with the training presentation to deliver. 
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  5. Services to create or enhance your ERM/ORSA Program:
    First Consulting offers a comprehensive range of ERM/ORSA consulting services that can be tailored to your company’s requirements.  You can select from any or all of these services to give your Company just the right amount of assistance. 
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