Operational risk issues in the insurance sector
Insurers face many of the same regulatory challenges as banks, but are well behind them in many cases
Continuing my series of articles on the status of operational risk across the financial industries, this month I will be looking at the insurance industry. This sector can be broken down into three significantly different parts: life insurance, health insurance and property/casualty (P&C), known as general insurance in Europe.
Put very simply, life insurers charge a premium from individuals in
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