Regulation brings unlevel playing field for insurers in Asia

A level playing field

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The move to Solvency II in Europe has prompted a number of jurisdictions, both in Africa and Latin America, to adopt a similar approach to regulating their insurance industry. And with historic cultural and financial links to Europe, it would be reasonable to expect Asian regulators to follow their peers in South Africa and Mexico by instituting a similarly sophisticated approach to risk-based capital (RBC) regulation. But this has not proved to be the case.

Until the turn of the millennium

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