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KPMG survey on insurance sector’s capital assessment practice released

Current capital assessment practices are a global concern, according to a study produced by consultants KPMG. Though the topic is of most concern in European countries, which will be implementing the Solvency II directive, interest from the International Association of Insurance Supervisors and rating agencies has spurred world-wide discussion on insurance capital.

The KPMG survey also shows global growth in  risk management practices in general. The company noted that this will become  more important for firms wanting to remain competitive. “Those who do not  engage in the near future are likely to be left behind by their peers who may  have better information with which to inform their business decisions,” the  company said in the survey results.


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