The UK Prudential Regulation Authority (PRA) could permit "back of a fag packet" capital add-ons to allow carriers time to properly adjust their Solvency II internal models following a market-changing event, according to director of general insurance Chris Moulder.
Moulder made the comments at a conference following the
publication of a stress test white paper, which found that the
would withstand two major events that incurred cumulative insured
losses of $200bn.
The paper did not outline company-specific losses,...
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