Insurers play catch-up

Introduction

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Financial regulators are starting to turn their spotlight on the insurance industry, spurred on by issues raised by the implementation of the new Basel Accord for bank capital adequacy. The regulator’s logic seems to be what is good for the goose is also good for the gander – there is no reason why insurers should not be held to the same types of regulatory standards as their banking counterparts, especially since many financial conglomerates now have both businesses under one corporate roof

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