European Insurance: Solvency II (14 November 2016)

OAC Digest
EU / European Parliament / EIOPA, Life insurance, PRA / Bank of England, Solvency II

14 November 2016

Selected recent Solvency II news items: 

On 7 November, the PRA published CP38/16, consulting on proposals to update Supervisory Statement 9/15 "Solvency II: group supervision" including a new section on the availability of group own funds.

Further to the OAC Digest of 31 October and in respect of the NST consultation, OAC have received clarification from the PRA that the £500m threshold for life insurer technical provisions (applying to NS.06) remains and the omission in the CP will be corrected as part of the upcoming Policy Statement.

David Gray

For more information
David Gray
Consultant Actuary

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