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As most players are aware 2005 started with product providers in a defensive mode, due to the spate of PFA rulings and an industry generally under siege.
Results of an international survey conducted by Ernst & Young show that despite a recognised industry need to quantify risk, 65% of insurers are less than halfway through to implementing holistic risk and capital management frameworks.
Ernst & Young has released the results of a survey which looks into the risk measurement and capital management in the insurance industry.
The strongest deterrent against FSP compliance missteps is or should be: