PRA’s Sweeney: Solvency II review impact study will require ‘significant resource’ from firms
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PRA’s Sweeney: Solvency II review impact study will require ‘significant resource’ from firms

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The Prudential Regulation Authority (PRA) has confirmed the launch of a quantitative impact study (QIS) for the Solvency II review in a speech warning insurers of the high-quality data they will soon be expected to share in a tight window.

The regulator’s executive director for insurance, Anna Sweeny, said the market study, which will be relevant for life and non-life carriers, will focus on potential changes to policy areas such as the risk margin, the matching adjustment and the...

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