Operational Risk [5]

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Bullet points include: Operational risk for EU insurers to be included in Solvency II SCR / MCR. Although Standard Formula approach is relatively crude, and assumes zero diversification with other risk categories. Also included in the ORSA. Included in individual UK insurers’ ICAS. Even in North America, where less pressure for regulatory change, consultants expect some additional attention to be paid to this area

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