Insurers are financially steady but shaky at articulating risks

Risk

Analysis of Solvency II reporting of 100 of the largest non-life UK and Ireland insurers showed the financial strength of the market remains strong but providers need to up their game on articulating operational risks.

Consultancy LCP’s deep dive into Solvency and Financial Condition Reports showed the average eligible own funds ratio across the sample at the 2022 year-end was 223%.

Looking under the hood to see

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