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PRA mandates long-term view in insurance solvency risk models

( June 15, 2015, 16:28 GMT | Official Statement) -- MLex Summary: The Prudential Regulation Authority mandated UK insurance companies to present a self-assessment of their solvency risk models, measuring their uncertainty as wel as risk over the short, medium and long term. The Own Risk and Solvency Assessment is part of the EU's Solvency II law to test insurers' ability to meet obligations to policyholders under stressed conditions.The following text is from the statement, which can be found in the attachment below the text....

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