17 June 2021
In her speech of 15 June 2021, Anna Sweeney, PRA’s Insurance Executive Director, gave notice of a data gathering exercise to inform possible reform of the Solvency II regime. The QIS will be released over the summer and the regulator seeks high-quality data within a period of around 3 months. This will require significant resource from firms. Participation is voluntary although the PRA “will be writing to a variety of firms in each sector strongly encouraging them to participate”. Anna S...
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...
23 June 2020
Under EIOPA's latest Solvency II Taxonomy Roadmap, the (solo) deadlines for the remaining 2020 reference dates are as follows: 2020 Q2 4 August 2020 2020 Q3 4 November 2020 2020 Q4 4 Februar...
22 June 2020
On 11 June, the Joint Forum on Actuarial Regulation (JFAR) issued an updated Risk Perspective identifying 8 ‘hotspots’. The report sets out the collective view of the regulators on risks to high qu...
"OAC’s actuaries provided an independent review of our research into investment strategies for retirement savings. Their specialist expertise and diligence in reviewing our work allowed for an appropriate level of challenge to our methodology and strengthened conviction in our conclusions."
