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Skandia Liv fined SEK35 million for underestimating insurance risk in Sweden

( April 22, 2020, 08:00 GMT | Official Statement) -- MLex Summary: Nordic life insurer Skandia Liv has been fined 35 million Swedish kronor ($3.5 million) for a "serious" breach of prudential rules. Over a number of years the company had incorrectly calculated the risk of policies being terminated prematurely, and so set aside too little capital, the Swedish regulator said.FI issues Skandia Liv a warning...

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