The Geneva Association, a think tank for the global insurance industry, has produced numerous studies providing research insights into the issues regarding insurance and financial stability, including insurance insolvency case studies designed to shed light on the resolution of troubled insurers. This area has grown considerably in importance in the aftermath of the financial crisis. This report—the first in a series of studies of insolvency cases and troubled insurers1 receiving governmental help—is a study of life insurance company insolvencies in the United States and Japan, and their implications for policyholder protection and financial stability. The key purpose with this study and the forthcoming reports is to provide insights about resolution, lessons learned and best practices extracted from the case studies.