PRA to raise levy by 8%, commits to mobilisation process for new carriers
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PRA to raise levy by 8%, commits to mobilisation process for new carriers

Samuel Casey
20 April 2022
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The Prudential Regulation Authority (PRA) plans to raise its levy by 8% for the year 2022/23 as it looks to employ around 100 new staff and instigate various reforms including changes to Solvency II.

The actions, set out in a business plan for 2022/23, also outline moves to ease the regulatory burdens for new firms entering the Solvency II regime, a focus on natural catastrophes in imminent stress tests for insurers, and an...

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Samuel Casey
Senior Reporter
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