This report compares and contrasts life insurance risk-based capital regimes across selected Asian markets, highlights some of the potential implications for businesses arising from the future development of capital regulations and contributes to the wider discussion on the potential impact of changes in regulation on the life insurance industry in Asia. It covers the capital regimes in 13 markets in Asia plus the 2019 International Capital Standard (ICS) field test and ICS Version 2.0 for the monitoring period.