Description: This article demonstrates and explains the differences between the current Canadian and U.S. capital regimes on life insurance companies. The concept and framework of regulatory capital is first introduced and Canadian regulation capital requirements—minimum continuing capital and surplus requirements (MCCSR) and U.S. regulation capital-risk based capital (RBC)—is explained and compared.

Description: The IAA Risk Book provides a set of high quality reference materials for use in managing the uncertainty of insurer risks.

Description: This article presents the results of the survey interviews, examining best practices as well as those areas that still remain challenging.