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flag UK to set up regulatory framework for captive insurers by 2027, enhancing business risk management options.

flag The UK government plans to introduce a regulatory framework for captive insurance companies by 2027, aiming to bolster the UK insurance sector and provide more risk management options for businesses. flag This move follows a campaign by industry groups and aligns with a global trend. flag The new regime will work with existing regulators without needing new laws, offering businesses greater flexibility in managing risks.

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