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Covid-19 impact on insurers is limited, but that might change, prudential policy lead says

By Fiona Maxwell ( November 25, 2020, 14:32 GMT | Insight) -- The relatively small impact on insurers from the Covid-19 pandemic has been “so far so good,” but that doesn’t mean the situation is going to stay that way, the Bank of England’s executive director for prudential policy said today. There’s “still enormous amounts of uncertainty in the market,” Victoria Saporta noted, as she laid out the regulator's views on risk margin post-Brexit.The relatively small impact on insurers' business from the Covid-19 pandemic has been “so far, so good,” but “enormous” lingering uncertainty may yet change that, the Bank of England’s executive director for prudential policy has said....

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