Non-Solvency II insurers to avoid PRA regulatory burden
Smaller insurers will not be over-burdened with excessive regulation under the Prudential Regulation Authority's proposals for companies outside the scope of Solvency II, according to market observers.
The PRA has released a consultation paper for non-directive firms, most of whom have assets of less than £25m and an annual premium income of less than £5m.
This version of the guidance for smaller
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