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Building the right model for Solvency II

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The different levels of readiness and varying budgets among insurers revealed in the report Getting set for Solvency II recently released by Pricewaterhouse Coopers surely came as no surprise to the insurance industry.

The move towards the new regime clearly poses a huge challenge for companies as they prepare for its impact, not only on their capital and solvency amounts, but also on their underlying systems of

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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.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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