Capital-requirement cuts could lead to ‘insurance failures’: PRA’s Truran
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Capital-requirement cuts could lead to ‘insurance failures’: PRA’s Truran

Marcel Le Gouais
23 September 2021
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Cutting capital requirements for certain assets under Solvency II reforms to boost investment activity could “lead to more insurance failures”, according to the Prudential Regulation Authority’s (PRA’s) director for prudential policy, Gareth Truran.

Truran said such a scenario would “damage policyholders and confidence” in UK insurers, adding that a less stable industry would be “less well equipped to support investment in the real economy over the longer term”.

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Topics

News Re/insurers PRA Regulation
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Marcel Le Gouais
Deputy Editor
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