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Insurers must prove bank-style run risk worries wrong

Firms should push back against regulators misunderstanding the differences between insurers and banks

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The insurance industry must do more to show regulators they are wrong to worry about a run by policyholders on an insurer, delegates heard at Insurance Risk North America earlier today.

"The industry has done a poor job of demonstrating that concern about run risk really shouldn't exist," said Douglas Elliott, a fellow at think-tank the Brookings Institution, speaking at the conference in New York

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