A smooth exit strategy is essential should things go south, says PRA
Shoib Khan, director of insurance supervision at the Prudential Regulatory Authority, warned that businesses and senior management must be ready to pull the plug on writing new business before things get too messy should market conditions become too volatile.
Speaking at the Westminster Business Forum policy conference, Khan described how the “polycrisis” seen over the past year has led to a “unique” combination of stresses for the UK insurance market.
“T
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