Changes to insurance regulations ‘increase risk’ to policyholders: Woods
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Changes to insurance regulations ‘increase risk’ to policyholders: Woods

Aisling Finn
17 January 2023
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The City’s regulators have warned the UK government that proposed changes to insurance regulation will “increase risk” and could result in corporate failures, such as the near-collapse of life assurance company Equitable Life nearly 20 years ago.

In a Treasury committee meeting yesterday, Prudential Regulatory Authority CEO Sam Woods said: “The reform package as a whole increases risk.

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Aisling Finn
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