Use the Holzmueller article for question 1 and the Best’s Review article for questions 2-4.
1)Describe the goals of RBC and Solvency II and indicate where key differences exist between the solvency systems.
2)Describe how the European regulatory structure (International Association of Insurance Supervisors) is different from what we have in the U.S. (National Association of Insurance Commissioners)
3)Describe the characteristic(s) of the insurer that would prefer uniformity or at least consistency between different types of regulatory regimes.
4)Explain why the U.S. insurance regulators have become somewhat more responsive to external solvency approaches.