by Kenneth Underhill | Sep 6, 2024 | 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:IntroductionThe Longer-term HorizonQ3 2024...
by Claire King | Aug 2, 2024 | Prudential Regulation Authority, Solvency
The PRA have set out their expectations on the future use of funded reinsurance in Supervisory Statement SS5/24 which took effect from the date of publication (26th July 2024) – and imposes a relatively short Board assessment and PRA reporting deadline of 31st October...
by Kenneth Underhill | Apr 24, 2024 | Insurers, Lloyd's, Operational Resilience, Prudential Regulation Authority, Risk, Senior Managers and Certification Regime, Solvency
The PRA published its business plan earlier in April and as with the FCA, there is unsurprisingly quite a significant focus on how it will deliver its new growth objectives now these are formally in place. As Sam Woods says in the foreword, it will be the first full...
by Kenneth Underhill | Mar 19, 2024 | Appointed Representatives, Blueprint Two, Brokers, Climate Change, Compliance, Consumer Duty, Culture, Digital, Enterprise Risk Management, Environmental Social and Governance, Fair value, FCA, HR, ICSR News, Insurers, IT, Kenneth Underhill, 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. This edition covers:IntroductionThe Longer-term HorizonQ1 2024 Issues: GeneralFinancial Services Future...
by Claire King | Feb 19, 2024 | Prudential Regulation Authority, Risk, Solvency
This article was first published by Insurance Day in their Viewpoint section. Reform of the Solvency rules affecting reinsurers operating in the UK is well underway and remains one of the oft-referred-to benefits of our exit from the EU. The new secondary growth...
by Claire King | Jan 11, 2024 | Risk, Solvency
With the PRA and FCA now beginning to really focus on how they can effect change that helps them deliver on their new secondary growth objectives, it is worth looking forward to a change likely to take effect at the end of 2024. The evolution of Solvency II to...
