Enhanced cyber disclosure rules would help supervise emerging risk: PRA
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Enhanced cyber disclosure rules would help supervise emerging risk: PRA

Samuel Casey
31 January 2023
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PRA prudential reg.jpg

Proposed requirements for companies to increase their cyber underwriting disclosure to the Prudential Regulation Authority (PRA) would enable the regulator to monitor in more detail the emerging risk exposure, according to PRA CEO Sam Woods.

The executive said enhanced cyber disclosures would help the PRA to “understand and supervise” the growing exposure and assess which insurers would be impacted in the case of a major claims event.

Woods

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NewsRegulationPRA
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Samuel Casey
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