RSA up for grabs?
With all of its problems in Ireland and a valuation that could prompt a takeover bid, RSA might not exist as an independent insurer for much longer, says Tony Cornell
There is nothing more important for a general insurer than to ensure its reserves are correctly calculated. It is a fundamental requirement that insurers, to the best of their knowledge, can calculate these accurately.
Inaccuracies lead to pricing errors. If reserving is too low, premium rates are inadequate and business floods in, exacerbating the problem. If reserving is too high, rates are increased unnecessarily, leading to loss of business to competitors. These are short-term risks that can
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