Solvency II calls for converging regulations in Asia

Asian countries are making progress on the convergence of local regulations by utilizing a risk-based type of capital. Apart from Japan, very few Pacific Asian countries will be using Solvency II in the near future. Solvency II, which is supposed to be in force in Europe and in America, will, nonetheless, be a catalyst for this convergence. In Asia, political and economic independence along with the structure of each State make this process more complicated than in Europe where countries take joint decisions more seriously.