Analyzing Canada’s Prudential Solvency Regime
On the latest episode of “The Standard Formula,” host Robert Chaplin and colleague Chiara Iorizzo provide an overview of Canada’s prudential solvency regime, which is one of the most sophisticated and internationally integrated insurance markets worldwide. They outline the main principles of Canada’s regime, including the role that the Life Insurance Capital Adequacy Test, or LICAT, plays in assessing the capital strength of life insurers. In addition, they analyze the nation’s broader capital adequacy framework, as well as unique challenges for companies operating in Canada and how the country is preparing for the future of solvency regulation.
The Standard Formula: Solvency II for Insurers
Skadden Podcast