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IUA prioritises regulation and London Market modernisation for 2013

Dave Matcham

The International Underwriting Association has pledged to develop a new strategy for modernising business processes in the London Market in 2013.

A number of proposals for the next generation of market modernisation work have been explored during 2012 under the Project Darwin initiative.

Next year it is expected that this work will be

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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