Insurance : a unique sector : why insurance is different to banking and other financial sectors

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      <subfield code="a">The report details the "significant" differences between the insurance industry and other financial sectors and why policymakers should take these distinctions into account when considering future regulation. It explains how the insurance market is already highly regulated with a stable long-term business model that protects individuals and businesses from financial distress. It also makes clear that the insurance industry is much less exposed to systemic and liquidity risks compared to banks and other non-banks</subfield>
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