Industry committee  Believe it or not, I think we're the best in the world in terms of solidity and security. The Canadian life insurance industry has a record of financial soundness that I think is unmatched around the world. We have a strong regulatory regime. We've had it for many, many years.

Industry committee  It is a good part of why we're good.

Industry committee  That's in part true, yes.

Industry committee  If I could add a point, currently the Government of Canada is reviewing its research and development tax credits, particularly in the IT area. The life insurance industry has found it very difficult over the years to access these tax credits. The conditions for getting them have

Industry committee  The industry, as Frank mentioned, has about $400 billion in assets in Canada, and $150 billion of those dollars are in segregated funds. These are either group or individual products designed for retirement. In addition, there would be a smaller amount of non-segregated fund savi