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This fully revised title examines the UK and European regulatory regimes and their impact on the insurance industry, providing practical advice for compliance officers and professional advisers. It covers all aspects of the life and non-life insurance industries, from establishment, authorisation and ownership to conduct of business and financial supervision.
This new edition addresses the advent of the Solvency 2 Directive, which is a fundamental review of the capital adequacy regime for the European insurance industry, and the new UK regulatory architecture which replaces the FSA with separate bodies overseeing prudential regulation (PRA) and conduct of business (CPMA).