According to the Mininum Requirements of Risk Management in Insurance Companies (MaRisk VA) it should be checked in how far a newly developed product influences the solvability of the company and how it combines with the risk strategy of the insurer. This includes an assessment of the effects that the new product has on reinsurance. In the context of Solvency II the risk management system is to be considered for the product development. The requirements for such a risk-sensitive new product process can be implemented together with the ORSA process of pilar 2.
Meyerthole Siems Kohlruss supports companies in implementing new product processes and in integrating them in the ORSA process of Solvency II.