General insurers confident of achieving FSA compliance on time
96% of general insurance brokers are confident that they will be fully prepared and on time to submit their application by 14 July 2004, to seek authorisation from the Financial Services Authority, according to a report from Grant Thornton's Financial Markets Group
53% of the 160 respondents believe that once the industry becomes regulated corporate and personal risks will not increase, or will not increase much when compared to the previous GISC regime.In
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