Deloitte: big changes in life insurance firms thanks to ICAS

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 planned

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