PRA looking to increase insurers’ nimbleness after Brexit: Sweeney
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PRA looking to increase insurers’ nimbleness after Brexit: Sweeney

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The Prudential Regulation Authority (PRA) is looking to improve the insurance industry’s ability to react to changing market circumstances as the UK’s review of the Solvency II risk management and capital framework continues.

Anna Sweeney, PRA executive director and co-head of the insurance directorate, told an Association of British Insurers online event that the regulator wanted to make the authorisation process for new insurers more efficient “whilst still ensuring appropriate prudential standards”.

She...

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