Insurers may have to rethink Solvency II programmes
PwC has commented on the Financial Services Authority's Solvency II conference where the regulator announced new deliverables for insurers' Internal Model Application Process and commented on the ongoing impact of political uncertainties.
At the conference, the regulator confirmed a two-stage process for model approvals, the first stage being a submission (in effect a draft application), to be followed by a formal application once
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