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Insurers’ regulation will focus on emerging risks, culture, UK BOE says

( November 5, 2019, 11:15 GMT | Official Statement) -- MLex Summary: Regulation of the insurance industry over the coming year will focus on issues including companies’ discipline in underwriting strategies, emerging risk trends and internal culture, the Bank of England’s Prudential Regulation Authority said today. In letters from senior insurance regulatory officials to company chief executives and chief actuaries, the PRA raised issues regarding companies achieving underwriting profitability, as well as concerns over reports relating to sexual harassment and bullying within the London insurance market.Letters attached...

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