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Too many risks

Risk of managing too many risks

Are you in a regulated business that’s actively monitoring over 100+ risks each quarter? If a friend listed all their risks to that granularity we would certainly step in to help. We all have our personal “risk register”, a list ...
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Regulatory response Q1 2020

A balancing act for regulators

I suspect that some insurers, particularly health insurers, will be sitting closer to their 100% Solvency ratio (SCR) mark, if not below, in their SII Q1 reporting. Will be interesting to see how regulators across Europe react to that! Recent ...
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Should travel insurers reimburse holidays?

Did your travel insurer offer to pay you to cancel your holiday? As a minimum, travel insurers should inform their customers whether they are covered in an event of a lockdown. We are a little surprised that travel insurance companies ...
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Selling insurance to Millennials

Misselling to millennials – next big conduct risk?

The UK regulator (FCA) has strict requirements for insurers to manage conduct risk, that is, ensuring fair customer outcomes. There is a growing expectation by the FCA to see conduct risk dashboards in place that proactively manage conduct risk in ...