"Windows & Walls" approach of the Solvency Modernization Initiative

I am not too sure how window and wall works here. From my reading on the wiki, Windows means the State Regulator may communicate with the Group Regulator and study the Group Solvency.

Yet, I am not sure wall. Will the state still deep dive into the state solvency of one insurer performance from the state level? Thanks.

Comments

  • "Walls" means that capital cannot be shared between legal entities. I've edited the wiki and BattleCard to include that detail. Thx.

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