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Of capital concern

As risk-based capital models move insurers away from a prudent to a best estimate view of future liabilities, a greater emphasis is being placed on available capital. Life & Pensions investigates how insurers are maximising their use of available capital in the face of varying regulatory regimes and corporate structures. Aaron Woolner reports

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Ensuring that sufficient capital is available to cover policyholder liabilities is the number one concern for insurance regulators - the decline and fall of Equitable Life in the UK, Executive Life in the US and Mannheimer Insurance in Germany starkly illustrates what happens when this is not done.

But for senior executives at insurance companies, the challenge is more akin to that faced by

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