PRA working on improved large loss preparedness

UK (re)insurers will be expected to provide a realistic recovery
plan to the Prudential Regulation Authority (PRA) in preparation
for a market-turning event, Chris Moulder, the regulator's
director of general insurance, has said.
In a speech during The Insurance
Insider's London 100 event this morning, Moulder
said that given the changes that have occurred in the insurance
industry since the last large-scale event over a decade ago,
"we think it is sensible to devote some time now to planning
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