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UK insurance rule changes must strike balance with policyholder protection, Bailey says

By Fiona Maxwell ( December 1, 2021, 16:26 GMT | Insight) -- Changes to insurance rules are on the horizon, but the UK's new rulebook will have to strike a balance between the Bank of England's primary objective of policyholder protection while also allowing the sector to invest more and change policies agreed in the EU that don't work for the UK, Andrew Bailey said today.Changes to the insurance rulebook in the UK will have to be measured against just how much policyholder protection is necessary without stifling investment, the Bank of England governor said today. ...

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