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Backwards step?

Plans to water down the enterprise-wide risk-based approach to Solvency II and introduce a flawed compromise threatens to undermine the good work done by the Financial Services Authority, warns Mike Brockman

There is much more to protecting policyholders than having sufficient capital. Yes, it helps, but good management and business processes are just as important - if not more so. Insurance is

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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