Several papers have been written in the last few years introducing alternatives to traditional capital allocation approaches. In the first half of this session, three authors will discuss their alternative capital allocation approaches and apply them to a sample dataset (provided below in Excel format). In the second half, the moderator will engage the audience and panel in discussion and debate on some of the many difficult implementation issues, including whether to allocate capital to reserves and assets, whether to cap downside scenarios at the available capital level, how to handle long duration business, and whether to allocate available capital or calculated required capital.