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  "documentTitle": "Scalar calibration For Life insurance business",
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  "authorName": "Oliver Wyman",
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  "notes": "The table highlights significant year-over-year changes in capital ratios across various international insurance regulatory regimes.",
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      "text": "Proposed threshold of 10% change in the industry-average capital ratio for a given jurisdiction.",
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      "text": "= 10-15% movement vs. prior year (absolute basis) = Greater than 15% movement vs. prior year (absolute basis)",
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      "text": "Routine updates to scalars are expected to occur every ~3 years. As part of the routine updates, a monitoring process can be used to identify when further review of a jurisdiction is required. Proposed threshold of 10% change in the industry-average capital ratio for a given jurisdiction. Applies to industry-average capital ratios, not scalars. If the threshold is met, further review should occur in order to: Confirm data quality, Identify what factors are driving the change. Based on this review, the NAIC could determine whether an adjustment is required.",
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      "text": "PROPOSED PROCESS FOR ONGOING MONITORING",
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