Lloyd’s pulls together BI data for PRA – reports
The marketplace has been asked to collate insurer BI cover information for the regulator.
Lloyd’s confirmed it is pulling together data on insurer business interruption provision following a request from the Prudential Regulation Authority (PRA).
According to a piece on Reuters, Lloyd’s is in discussions with the government and other stakeholders about a possible Pandemic Re government backstop and is also pulling together details of insurer business interruption policies.
The report stated that the marketplace had asked insurers to provide information for the regulator by 24 April
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