Prudential Regulation Authority
14 whitepapers and resources
Prudential Regulation Authority
Solvency II: Monitoring model drift and standard formula SCR reporting for firms with an approved internal model
In this consultation paper, the Prudential Regulation Authority (PRA) proposes a supervisory statement setting out the PRA’s approach to monitoring model drift and expectations on firms with an approved internal model for the reporting formula Solvency Capital Requirement (SCR).
Strengthening accountability in banking and insurance
The PRA and the FCA consulted on a set of proposals for the provision of regulatory references in respect of individuals applying for certain roles at deposit-takers, insurers and investment firms. This policy statement provides information on the corresponding rules that have been made by the PRA.
Risk management: What next for risk?
After the PRA approved many internal models for Solvency II capital calculation, insurers can't sit back and admire the fruits of their labour. With underwriting standards, setting reserves and corporate governance on the PRA’s radar in 2016, this article looks at how insurers can get a head start.
CII policy briefing: Strengthening individual accountability in insurance - SIMR, conduct rules and approved persons
The PRA and FCA have published a number of policy statements and consultation papers relating to the forthcoming Senior Insurance Managers Regime (SIMR). This CII policy briefing provides an overview of the final rules and includes a 2016 timeline of events.