UK Insurance: PRA (10 October 2016)

OAC Digest
Life insurance, PRA / Bank of England, Solvency II

10 October 2016

Selected recent news from the UK's prudential regulator: 

On 10 October, the PRA published SS14/16 setting out reporting instructions applicable to insurance firms that are outside the scope of Solvency II and are not friendly societies.

The PRA published the H2 update of the 2016 stress test scenario on 30 September 2016. This is "to serve as a guide and, where relevant, as a severity benchmark, for firms designing their own scenarios for Pillar 2 capital planning stress tests".

David Gray

For more information
David Gray
Consultant Actuary

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