Insight and Intelligence on the London & International Insurance Markets 23 Sep 2017
PRA probes deeper on general insurance stress tests
- 18 April 2017
The UK Prudential Regulation Authority (PRA) has opted for depth in favour of breadth in the first general insurance stress tests since Solvency II capital requirements took effect.
The regulator has cut the number of stress exercises from 11 to six, including five "severe but conceivable" events plus an evaluation of carriers' potential loss exposures across the economy.
The four natural catastrophes to be modelled include two severe European windstorms and two UK floods, a magnitude 9 Pacific Northwest earthquake...
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