PRA approves Direct Line’s Group-wide internal model for Solvency II
Direct Line has confirmed it will use its group-wide partial internal model to calculate the Group Solvency Capital Requirement under the Solvency II regime, following approval from the Prudential Regulation Authority.
This approach will enable the group to operate under the PIM from 1 July 2016.
Further details on the group's Solvency II capita position are expected to be released along with the group's half year
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