by Benoit Steulet | Jan 20, 2025 | Operational Resilience, Prudential Regulation Authority
The Prudential Regulation Authority (PRA) has published a new Consultation Paper, CP17/24 – Operational Resilience: Operational Incident and Outsourcing and Third-Party Reporting. This paper outlines the proposed rules and expectations for firms to report operational...
by Claire King | Jan 14, 2025 | Actuarial, Authorisations, Compliance, Enterprise Risk Management, Insurers, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
In a letter dated 9th January 2025 from Gareth Truran (Executive Director, Insurance Supervision) and Shoib Khan (Director, Insurance Supervision), the PRA has set out its insurance supervision priorities for 2025. Those who have long memories may observe that the...
by Kenneth Underhill | Jan 9, 2025 | Appointed Representatives, Blueprint Two, Brokers, Climate Change, Compliance, Consumer Duty, Digital, Enterprise Risk Management, Environmental Social and Governance, Fair value, FCA, HR, Insurers, IT, Lloyd's, Multi Occupancy Buildings Insurance, Operational Resilience, Operations, Pricing, Product Governance, Prudential Regulation Authority, Risk, Solvency, Vulnerable customers
The latest edition of Horizons, our quarterly report for senior leaders across compliance, risk and regulatory roles within insurance firms is now available. You can download your copy of Horizons here. This edition covers: Introduction The Longer-term Horizon Q4 2024...
by Kenneth Underhill | Nov 15, 2024 | FCA, Operational Resilience, Operational Resilience Assurance, Prudential Regulation Authority
Welcome to the final article of the ICSR Operational Resilience Assurance Week’s series (Follow the conversation on LinkedIn at: #ICSROpResAssuranceWeek) which details what firms need to have in place by the end of March 2025 to be compliant with Operational...
by Kenneth Underhill | Nov 14, 2024 | FCA, Operational Resilience, Operational Resilience Assurance, Prudential Regulation Authority
In today’s interconnected business landscape, outsourcing has become a fundamental aspect of operational strategy, especially within the insurance sector. As firms strive to meet Operational Resilience requirements, it is imperative to ensure that their outsourcing...
by Kenneth Underhill | Nov 13, 2024 | FCA, Operational Resilience, Operational Resilience Assurance, Prudential Regulation Authority
Welcome to the third article in the ICSR Operational Resilience Assurance Week series (Follow the conversation on LinkedIn at: #ICSROpResAssuranceWeek) which explores how assurance reviews can provide firms with confidence that their Operational Resilience measures...
