PRA urges UK insurers to close modelling gaps on cat and cyber
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PRA urges UK insurers to close modelling gaps on cat and cyber

Rachel Dalton
24 January 2023
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The Prudential Regulation Authority (PRA) has called on UK general insurers to do more to improve their nat-cat modelling, particularly for post-loss inflation and secondary perils.

In a letter to GI carriers today, the regulator divulged the results of its 2022 insurer stress test, in which it examined insurers’ ability to cope with a variety of natural disasters as well as a selection of major...

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Topics

NewsRegulationClaims and lossesCyber
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Rachel Dalton
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