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Guernsey issues 63 insurance licenses in 2012

guernsey-lighthouse

Guernsey issued 63 new licenses to international insurance entities in the first five months of this year.

According to figures from the Guernsey Financial Services Commission, there were 739 international insurance entities licensed in the island at the end of May 2012 compared to 687 at the end of

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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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