PRA
-
The proposals consist of supervisory expectations rather than rules. -
By March, firms must be able to show they can remain within impact tolerances.
-
The workshops will provide feedback on the logistics of producing and running a set of stylised adverse events.
-
Two-thirds of insurance firms have been challenged about their resilience plans by the regulator.
-
MGAs are looking hard at capacity arrangements for fear of regulatory action.
-
The IUA argued the change would change the mutualisation of risk in the market.
-
The changes lift the threshold for companies reporting in the Solvency UK regime to £25mn.
-
The consultation will close on 26 April, with the PRA expecting to implement changes in Q4 2025.
-
The test will involve simulating a sequential set of adverse events over a short period of time, the watchdog said.
-
Insurance Insider has compiled a digest of a complex web of regulatory reforms that will take shape during the next 18 months.
-
The regulator plans to start disclosing results for individual insurers from stress tests, as it draws on new legal powers to enhance testing of financial resilience.
-
The Prudential Regulation Authority has set out elements that will underpin the implementation of its new objective to harness the financial sector's competitiveness.
Most Recent
-
Daily Digest: Top news from 19 May
19 May 2025 -
Correction: Branagan to stay with Mosaic TL team
16 May 2025