FCA warns of operational risks around cloud adoption and digitalisation
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FCA warns of operational risks around cloud adoption and digitalisation

The Financial Conduct Authority (FCA) has warned London market insurers of the heightened risks that can arise around operational resilience, amid carriers’ increased adoption of cloud technologies and digitisation programmes.

In a recent Dear CEO letter, the regulator has warned that digitalisation and re-platforming initiatives create “significant risk of harm to market and consumers if these major transformation programmes are not managed and executed appropriately.”

The

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