The financial crisis and related governmental responses have served to identify a number of policy and regulatory issues. Some of these issues have been captured by the Financial Stability Board (FSB); however, additional issues require consideration. In identifying policy implications or issues for the insurance sector, consideration should be given to the fact that the business model for insurance companies is, despite convergence between the banking and insurance sectors, generally distinct from those of banks and that the insurance sector has, overall, fared the crisis relatively well considering the extreme systemic stress events that occurred in 2008. That said, the financial crisis has raised issues that are common across the financial sector. The key policy and regulatory issues of relevance to the insurance sector include...