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The Companies (Miscellaneous Reporting) Regulations 2018 require Baptist Insurance Company PLC to publish a statement explaining how the Directors have given due regard for the matters set out in section 172 (1) (a) to (f) of the Companies Act 2006 while performing their duty to promote the success of the Company for the benefit of its members as a whole ("s.172 statement"). The Company’s 172 Statement can be found on pages 13 to 14 of the 2023 Annual Report.

Risk management