PRA warns about insurers' valuation risk: PRA has issued a reminder of the need to comply with requirements on prudent valuation. It has identified insurers where the assessment of valuation uncertainty is not sufficiently robust. This failure is exacerbated by poor governance, inadequate documentation of policies, and poor control over models. (Source: Valuation Risk)
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Financial Regulatory Developments 29 November 2013 - Prudential Regulation Activity (PRA)
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