08 November 2022
Our regular Redress newsletter, Current Issues in Redress - Q4 2022 is now available.
08 November 2022
The PRA have recently issued a new Consultation Paper (CP) on changes to the Solvency II reporting requirements. This CP is a direct consequence of the announcement in 2020 by HM Treasury of a revi...
27 July 2022
Our latest regulatory update for July 2022 is out now! In this edition we cover • Solvency II review: changing insurance regulations to work better for the UK• Policy statement: critical th...
24 September 2021
The combination of rising energy and consumer goods prices is a blow to a vast number of people. David Gray, Consultant Actuary, suggests insurance providers carefully consider the implementation o...
01 June 2021
On 28th May, the FCA published PS 21/5: General insurance pricing practices market study. This policy statement follows on from an earlier consultation paper, CP20/19. As we noted in our recent c...
25 June 2020
In keeping with managing the burden on firms' resources, the PRA considers that the existing Regulatory Supervisory Report (RSR) cycle will continue. Effectively, in terms of future submissions, wh...
24 June 2020
The statement made by Rishi Sunak, The Chancellor of the Exchequer, on 23 June 2020 included the following in respect of Solvency II and insurers: The Government also plans to bring forward a rev...
"Our relationship with OAC started approximately a year before the Solvency II regime went live and we have since been using Mo.Net software for Solvency II purposes, to calculate our best estimate liabilities, capital requirements and projected cash flows. In the beginning we had to become familiar with the software and we had lots of questions. OAC staff helped us navigate these with ease, and indeed pre-empted many questions and issues for us.
During our ongoing relationship with OAC, we have upgraded our Mo.net capabilities to meet the changing needs of our business, with these including support for our IFRS 17 implementation."
