PRA’s 2022 stress test to focus on natural cat perils and cyber
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PRA’s 2022 stress test to focus on natural cat perils and cyber

The Prudential Regulation Authority (PRA) has said its 2022 stress test for insurers will focus on natural catastrophe perils and cyber underwriting risk, in a letter setting out the scope of the exercise.

In a letter sent to CEOs of carriers today, the regulator said the next insurance stress test (IST) 2022 will include an assessment of standalone cyber cover or where it is part of a broader package, as well as...

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