UK VPGA 3 Valuations for assessing adequacy of financial resources
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Valuations for inclusion in the assessment of the adequacy of financial resources for insurance companies have to be in accordance with the Prudential Regulation Authority (PRA) sourcebook for insurers (INSPRU).
1 European Directives require financial institutions to make assessments of the adequacy of their financial resources. In the UK the PRA INSPRU provides that the...