Regulation a ‘bigger risk’ than acts of God

Insurance company executives have identified regulation as a bigger risk to their businesses than natural disasters or insolvency, according to a new global survey of top firms due to be released this week.

4th June, 2011
Regulation a ‘bigger risk’ than acts of God
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Insurance company executives have identified regulation as a bigger risk to their businesses than natural disasters or insolvency, according to a new global survey of top firms due to be released this week.

The 2011 Insurance Banana Skins report by the Centre for the Study of Financial Innovation and consultants PwC, found that insurers considered the burden of regulation the top risk to the industry.

Executives said keeping up with rapid reform was extremely costly and...

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