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ARTICLE · 03 JULY 2013

Global Corporate Insurance & Regulatory Bulletin - June 2013

Mayer Brown
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In recent years, many Asian countries have adopted Risk-Based Capital regimes to regulate solvency of insurers.

GlobalInsurance
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Co-edited by Martin Mankabady, David W. Alberts, Lawrence R. Hamilton and Vikram Sidhu

Keywords: corporate, insurance, regulatory,

ASIA

ASIA AND SOLVENCY II

In recent years, many Asian countries have adopted Risk-Based Capital regimes ("RBC") to regulate solvency of insurers. With the European Union's proposed adoption of Solvency II, it is expected that more Asian regulators will adopt RBC systems.

What Is The Current Position In Asia?

The levels of sophistication in the RBC regimes adopted vary between Asian regulators. Many regimes have similar elements as Pillar 1 of Solvency II (i.e., a solvency requirement). No Asian country has implemented a regime fully equivalent to Solvency II, other than Japan's solvency regime for reinsurance.

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