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EU gets go ahead to sign covered agreement with US

European parliament

The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.

The decision was adopted at a meeting of the Competitiveness Council. The council said the decision provides for provisional application of certain provisions within the agreement, dependent on the

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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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