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Insurance company failures in the UK and the European Union are rare, policyholders have almost always been paid, and European solvency rules have effectively reduced the number and size of failures since the Solvency I capital adequacy regime was introduced in 2004, according to a new study produced by KPMG for a cross-market group of London associations.
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KPMG, Non-life Insurance, Reinsurance, Report, EU, Solvency rules, David Powell, UK
