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Mexican body joins international trading agreement

mexico

The International Association of Insurance Supervisors has admitted Comision Nacional de Seguros y Fianzas, Mexico to the list of signatories of the IAIS Multilateral Memorandum of Understanding.

With this announcement the total number of MMoU signatories has increased to nine.

Previous signatories include: Australian Prudential Regulation Authority; Financial Market Authority, Austria

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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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