Economic approach (diversification benefits) in line with Solvency II conceptual framework. Same level of protection to policy holders with a given level of capital across the group. Mechanism enhancing capital mobility within a group. Alignment with the way groups are effectively managed...

Is a world-wide convergence of regulatory regimes desirable/necessary? 1. Yes, to achieve a level playing field. 2. Yes to reduce systemic risk, 3. I am indifferent...

Solvency Margin Scheme in Japan, present and future; The way we, as an industry, are going to adapt to global solvency margin standards; Lessons learned and ramification of the current financial crisis; Conclusion...

The U.S. System, Comparing Solvency II and the U.S. System, Lessons Learned from the Current Turmoil, Where do we go from here?...

State regulators and federal regulators competing for jurisdiction over financial marketplace "investment" products, certian insurance and annuity product sales. States' role is unlikely to disappear, but likely to change...

Increasing cross-sector cooperation, Addressing systemic risk, Focus on insurance companies, Financial conglomerates...