PwC: Euro run off market market falls slightly, but becoming a major boardroom issue
The year 2008 is already shaping up to be a year of change in the European discontinued insurance markets, according to a new survey issued today by Pricewaterhouse Coopers. Nearly two thirds of the businesses (63%) surveyed for the report stated that dealing with run-off business is now a priority for senior management.
One of the key factors driving this increased attention to run-off is the introduction of new regulation across Europe.
The survey revealed that 60% of respondents believed that Solvency II will drive
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