Regulators do not quite add up.
Why is it necessary for the General Insurance Standards Council, Financial Services Authority and th...
Why is it necessary for the General Insurance Standards Council,Financial Services Authority and the Association of British Insurers to
all have different minimum requirements in respect of professional
indemnity (£1m, £0.5m and £0.25m, respectively)?
When raising this issue I was told the minimum limited was demanded by its
members - a strange reply.
Surely the three regulators should agree a common minimum limit - or are
such cost-saving matters of no concern to them? A more professional
approach
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