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… should form part of an insurer's overall catastrophe risk management. OSFI recognizes that individual insurers may have differing earthquake exposure risk management depending on, among other factors, their: size; … OSFI will assess an insurer's earthquake exposure risk management policy against these principles and, where …

… comprehensive ICAAP is a vital component of a strong risk management program. The ICAAP should produce a level of … from an institution’s ICAAP to assess the quality of risk management, OSFI does not approve an institution’s ICAAP. … ICAAP A rigorous ICAAP has six main components: Senior management oversight Sound capital assessment and planning …

… – Guideline (2025) Reinsurance is an important risk management tool that can be used by an insurer to reduce … to implement effectively. Inadequate reinsurance risk management practices and procedures can materially affect an … with respect to ensuring effective oversight and risk management policies and procedures in relation with the …

… website by April 1, 2025. Reinsurance is an important risk management tool available to an insurer. It can be used to … to implement effectively. Inadequate reinsurance risk management practices and procedures can materially affect an … an important part of an insurer's overall reinsurance risk management policy. It applies to all federally regulated …

… 1 – External Audit footnote 1 referrer Table 2 – Senior Management Attestation and Review Table 2 - Senior Management Attestation and Review footnote 1 Industry … Quarterly beginning fiscal 2024 Table 2 - Senior Management Attestation and Review footnotes Table 2 - Senior …

… This implementation note elaborates on the data management requirements for institutions Banks and bank … ratings, rating migration, default, and collateral. Data management and timely execution of underlying information … of expectations on the data maintenance (or generic “data management”) process itself. This note provides general …

… refer to supplementary information such as policies, risk management frameworks, and processes in appendices. Executive … 1” calculation; the adequacy of the institution’s risk management processes the interconnectedness of financial, … of capital adequacy and the integration with risk management and decision-making processes; whether the …

… of capital; quality or strength of the insurer's capital management policy, including its capital management processes; and effectiveness of oversight with respect to the insurer's capital management processes. Capital considerations should include …

… identification, measurement of climate-related risk, and management of these risks. Many respondents believe OSFI has … climate-related risks through existing governance and risk management frameworks and new tools such as climate-related … early stages of development; Existing governance and risk management frameworks and practices could address …

… maintenance” incorporates the key components of the data management process, including data collection, data … analysis data. II. Data Maintenance Principles 1. Senior Management and Oversight An institution applying for TSA or AMA should establish information technology and data management processes appropriate to the nature, scope and …

… from a traditional mortgage and which may have unique risk management requirements. These include loans with “combined” … Background Guideline B-20 defines and sets out OSFI’s risk management expectations for home equity lines of credit … of this equivalent treatment is to extend heightened risk management expectations in the Guideline to other innovative …

… the description of best practices in earthquake exposure management; Increase OSFI’s flexibility in the collection of … current guideline to remain, given the importance of risk management in supporting a safe and sound Canadian financial … guideline, a revised guideline would: enhance insurers’ management of earthquake exposure; reflect up-to-date …

… that replace OSFI’s Board expectations contained in risk management and capital guidelines and advisories. As a … – Changes to the Membership of the Board and Senior Management , and revised its Assessment Criteria to align … requested that OSFI define certain terms (i.e., Senior Management, Operational Management, and Oversight Functions) …

… the scope of the ORSA, its relation to enterprise risk management, the role of Senior Management Footnote 4 and other participants in performing, … and considerations about the identification, assessment, management and other aspects of risk, insurers may also …