Insurance sector needs to improve risk appetite, finds latest FSA briefing

The insurance sector needs more work to improve its risk management practices despite substantial progress since the 2003 implementation of the Individual Capital Adequacy Standards (ICAS), according to the FSA’s latest insurance sector briefing.

'Risk Management in Insurers' states that while the industry has made significant progress with identifying and measuring risk, firms must work to manage risk on a day-to-day basis.

Sarah Wilson, the Financial Services Authority (FSA) director responsible

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