Regulation to hit UK insurers for £15bn with little tangible gain

Rob Curtis, who recently left the FSA to become director for economic capital management at Royal & SunAlliance Insurance Group, revealed the findings today at Risk’s strategic briefing, ‘Implementing Risk-Based Integrated Prudential Regulation for the Insurance Industry’.

Keynote speaker David Strachan, a director for insurance firms at the FSA, which is the architect behind new regulatory practices in the UK, said that while it was possible to calculate the costs “with some degree of accuracy”

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