volume 15, issue 3, P503-556 2009
DOI: 10.1017/s1357321700005729
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S. P. Deighton, R. C. Dix, J. R. Graham, J. M. E. Skinner

Abstract: abstractFor some while there has been a growing awareness from both internal and external stakeholders that the governance and risk management in United Kingdom (U.K.) insurance companies needed to be enhanced. The proposed European Union Solvency II Directive makes this very explicit and the current economic turmoil has put a much stronger emphasis on the whole process: it is being seen as the right thing to do, rather than simply a regulatory requirement. In this paper, we set out the background to and rece…

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