Industry responds to Geneva Association report
The insurance industry has responded positively to The Geneva Association’s report, Systemic Risk in Insurance.
The report argued, as detailed on broking.co.uk, that there are no systemic risks from insurance core activities.
The Chartered Insurance Institute has stated that the report builds on its previous calls for a pragmatic approach to regulation in the insurance sector as a response to the financial crisis.
David Thomson, director of policy at the Chartered Insurance Institute, said: "The Government should be mindful of introducing sweeping regulatory changes simply to sate the thirst of public
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