I saw you sort of nodding your head when Mikhail said the US is not quite there. I mean, I think we just have a different approach. You know, obviously We have our principles based, risk based capital approach [in the US]. and it's just a different approach to how we deal with capital oversight and regulate the kind of financial side of how insurers operate. Okay. (14:32–14:38)
CLAIM
Asserts that the US uses a principles-based, risk-based capital approach for financial oversight.
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