PRA to look at Solvency II impact on insurers
The Prudential Regulation Authority will be working closely with the insurance industry to make sure that Solvency II requirements do not damage competition in the sector, the Association of British Insurers Annual Conference heard today.
Sam Woods, CEO of the PRA said that the Solvency II requirements would not damage competitiveness in the industry but would instead address the issues of under pricing of insurance.
“There is no
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