Capital regulations for life insurance companies in Asia are complex and varied. They are also subject to change, with such changes often affecting how insurers manage their business. In many markets in the region, regulators are ‘upgrading’ existing risk-based capital (RBC) frameworks, or are introducing RBC regimes for the first time, with increasing consideration being given to consistency with the new International Financial Reporting Standard 17 (IFRS 17), International Capital Standards (ICS) and other capital regimes worldwide.
This is the 5th edition of the Milliman Capital Regimes report, which covers the existing or upcoming capital regimes in 14 markets in Asia plus ICS and the Bermuda Solvency Capital Requirements (BSCR). The report also makes reference to Solvency II, Canada’s Life Insurance Capital Adequacy Test (LICAT) and the United States’ RBC regime (US RBC).
A complimentary summary of the 5th edition report can be downloaded here.
Life insurance capital regimes in Asia, 5th edition
This report compares and contrasts life insurance RBC regimes across selected Asian markets and highlights potential implications from future regulatory changes in the industry.