ABI report

A new report published by the Association of British Insurers (ABI) has suggested that risk diversification can reduce the capital requirements of general insurers by 25-50%. The ABI has been working with Deloitte to examine the Financial Services Authority's (FSA) new capital regime for general insurance. Peter Vipond, ABI director of financial regulation and taxation said: "Discussions between general insurers and the FSA regarding individual capital assessments are well underway."