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Getting ahead of the game

It's official: Solvency II will contain an operational risk charge. But are insurers up to speed with the technology needed to measure the risk? Clive Davidson reports

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Operational risk management is an evolving practice in insurance companies. The Solvency II regulatory regime, which introduces a capital charge for operational risk, is prompting companies to take a more formalised and structured approach to their risk management, with the long-term goal of a quantified assessment of operational risk capital. In doing so, the insurance industry is following

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