UK Insurance: General (14 February 2017)

OAC Digest
Investments, Life insurance, Non-Life, PRA / Bank of England

14 February 2017

Selected recent UK news items of more general interest: 

The UK central bank's press release of 10 February announced that the "Bank of England works with Anomali to improve threat intelligence capabilities" with the accompanying case study stating that the Bank supports "an informed and rigorous understanding of the cyber threat landscape across the financial sector."

In the February 2017 Inflation Report the MPC cites higher imported costs resulting from weaker sterling as the cause for inflation exceeding the 2% target. More specifically, the central projection shows that inflation is "expected to increase to 2.8% in the first half of 2018, before falling back gradually to 2.4% in three years’ time" and "likely to return to close to the target over the subsequent year". 

At their meeting at the start of February, the MPC voted unanimously to maintain Bank Rate at 0.25% and continue with the asset purchase programme.

David Gray

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David Gray
Consultant Actuary

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