PRA urges UK insurers to close modelling gaps on cat and cyber
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PRA urges UK insurers to close modelling gaps on cat and cyber

PRA prudential reg.jpg

The Prudential Regulation Authority (PRA) has called on UK general insurers to do more to improve their nat-cat modelling, particularly for post-loss inflation and secondary perils.

In a letter to GI carriers today, the regulator divulged the results of its 2022 insurer stress test, in which it examined insurers’ ability to cope with a variety of natural disasters as well as a selection of major...

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