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The challenge of change

Solvency II is a shift away from standard regulatory reports, so insurers - including those in the general sector - will have to adapt to normalise the process. Steven Wells explains some of its differences and how engagement in the fourth Quantitative Impact Study will tackle some of the more testing areas

While much of the focus and debate around Solvency II has highlighted the implications for the life industry, there is a great deal at stake for the general insurance sector too. For those that have

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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