General Insurance Article - PRA consultation paper on changes in insurance reporting


In this consultation paper (CP), the Prudential Regulation Authority (PRA) proposes a number of regulatory reporting changes designed to reduce the burden for Solvency II firms and mutuals whilst maintaining the PRA’s ability to meet its statutory objectives and to supervise firms.

 The CP is relevant to all UK Solvency II firms, Society of Lloyd’s and its managing agents and mutuals. 

 Summary of proposals
 The proposals in this CP have been developed by the PRA as part of its work on adjustments to the insurance prudential framework in light of experience following the UK’s implementation of Solvency II, including areas recommended for reform by the Association of British Insurers (ABI) and discussed with the Treasury Committee (see News Release, 25 October 2017).

 Responses and next steps
 This consultation closes on Friday 13 April 2018. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to cp2_18@bankofengland.co.uk.

  

 Changes in insurance reporting requirements 

Back to Index


Similar News to this Story

Death in service gap
New research from Direct Line Life Insurance which surveyed UK HR directors, reveals that Britons receiving a death in service benefit from a loved on
Global healthcare plan costs continue to outpace inflation
Adopting integrated health and wellbeing strategies underpinned by stronger digital and data capabilities will be a critical factor in managing the ri
Exploring the future of advice
Three years on from the introduction of pension freedom and choice, people are now comfortable knowing that the power to make decisions on what to do

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.