Insurance has become a highly specialized area, and understanding insurance requires an insight into the changing regulatory environment, as well as understanding what the challenges are that affect insurance companies. Author Nigel Feetham, a practicing lawyer and international insurance practitioner, examines the practice of insurance law as an issue of governance. He applies a practical approach to insurance regulatory law (both UK domestic and international) and provides a guide to current trends, markets, and policy choices facing governments and regulators. The book covers the way captives as well as open market insurers are regulated, how they operate, and what the potential issues are. It is written in a clear accessible manner for students who are now studying insurance law. A Guide to Insurance also includes a chapter written by Robin Amos on Own Risk and Solvency Assessment (ORSA), part of the Solvency II project which is planned to improve the prudential supervision of insurers in the European Union. Solvency II is expected to be in force on January 1, 2014.