This panel will provide an update on the development of the Insurance Capital Standard following the consultation launched in June. It will also look ahead towards the finalisation and implementation of the global standard, which is due to be adopted in December next year. Opening remarks by Paolo Cadoni, Chair of the IAIS Capital Solvency and Field Testing Working Group and Head, Insurance Policy Division, Bank of England. Moderator: Romain Paserot – IAIS Deputy Secretary General and IAIS Head of Capital and Solvency Panellists: Shigeru Ariizumi – Vice Chair, IAIS Executive Committee, Vice Minister for International Affairs, Financial Services Agency of Japan Gary Anderson – Vice Chair, IAIS Executive Committee and Commissioner, Massachusetts Division of Insurance Petra Hielkema – Chairperson, EIOPA Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England