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On August 29, the UK PRA
issued an update on the implementation of the Solvency II Directive
(2009/138/EC), which is planned for January 1, 2016. The current
PRA Update focuses on:
the relationship between the risk margin and the calibration of
non-hedgeable risks; and
the assessment of the credit risk for matching adjustment
portfolios. PRA Update.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
