FSA shakes up capital rules for UK insurers

- Naomi Humphries
- 22 Jul 2003

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The new, tougher capital rules are designed to help head off future financial failures in the sector. “Capital is a major mitigator to the risk of insolvency,” said FSA managing director John Tiner. “Better calibrated and more risk-sensitive capital requirements will lead to a better regime for non-life insurers aligned more closely to the risks underwritten, and allowing for earlier regulatory intervention when financial problems develop.”

The FSA is proposing a new, risk-based minimum

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