Deloitte: big changes in life insurance firms thanks to ICAS

- John Rumsey
- 10 May 2007

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Deloitte Financial Services Group has produced a report on insurance companies, highlighting changes since the Financial Services Authority (FSA) asked insurance companies to calculate capital requirements under the Individual Capital Adequacy Standards (ICAS) framework.Because of the non-prescriptive nature of the regime, the industry is still working towards producing capital assessments and best practice is still nascent, the report found. With the European introduction of Solvency II

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