The Thai life insurance regulator released the latest draft Risk Based Capital 2 (RBC 2) framework in April 2016 following industry analysis and consultation stretching back to 2012. The draft RBC 2 framework has been broadly based on principles and concepts surrounding consistency with the ICP 17 Capital Adequacy standards. This e-Alert compares the key changes proposed in the RBC 2 framework with the existing RBC framework and explains what these changes, if adopted, may mean for the Thai life insurance industry.