How do you judge the solvency of an insurer or reinsurer based in a country with different products, different accounting rules, and different regulations? Because of the recent turmoil in the global financial system, this question now concerns not only insurance professionals, but also the guardians of the system itself. As the strengthening of banking supervision brings new scrutiny of insurer solvency, several countries-Japan, Singapore, Mexico, Brazil, and the United Kingdom among them-have recently joined the United States, Canada, and Australia in making their capital requirements risk sensitive. The European Union's Solvency II Project will overhaul solvency monitoring for all European insurers, and the International Association of Insurance Supervisors has identified the cornerstones of an effective solvency regime. How will these initiatives affect the U.S. market? The CPCU Society's International and Regulatory and Legislative Interest Sections have teamed with the International Insurance Foundation to present the latest developments in the quest for common standards for monitoring insurer solvency. This Symposium occurred during the NAIC Summer Meeting in Boston on Saturday, June 11.

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