PRA reviews insurer third-party concentration risks
15 April 2023·1 min read
KPMG has today published analysis of the Prudential Regulation Authority’s Insurance supervision 2023 priorities letter, highlighting a renewed focus on counterparty and concentration risks linked to reinsurance and third‑party arrangements. The KPMG report notes that the PRA will scrutinise how rapidly growing reinsurance use and outsourced services could…
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