An international comparison of life assurance solvency standards

David Hare, United-Kingdom

The purpose of this paper is to compare and contrast the impact of existing regulations in place for the calculation of technical provisions for life insurance business across a number of countries around the world.The authors recognise that technical provisions are only one component in the calculation of life insurers’ capital needs. However, it is hoped that the results of this study will help inform the current discussions around the proposed EU Solvency 2 Directive, as well as aid international understanding and comparability of this component of life insurer financial strength.
Date: 2 June - Time: 10:30 to 12:00 - Room: 341
Theme: 1.B. Solvency measurements and asset-liability management