IUA lauds PRA ‘small business’ move preventing major shift in UK market

The International Underwriting Association (IUA) has praised the Prudential Regulation Authority’s (PRA’s) decision to not change the definition of ‘small business’, arguing that such a move would have “drastically” changed the mutualisation of risk within the UK insurance market and made it less attractive to investors.

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IUA lauds PRA ‘small business’ move preventing major shift in UK market

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