Charles Manchester on brokers using unrated insurers
Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.
Insurers have been grappling with Solvency II, a European Union directive that deals with how much capital insurers need to reduce the risk of insolvency, and it's part of the Prudential Regulation
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