What is new: The UK government has proposed a new regulatory framework for captive insurance companies, aiming to simplify regulations and enhance competitiveness in the financial services sector.
Why it matters: The...more
7/17/2025
/ Capital Requirements ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
UK
Undertakings in difficulty, in the context of Solvency II, refers to insurers that are either failing or likely to fail to meet their solvency capital requirement (SCR) or their minimum capital requirement (MCR) (together,...more
10/31/2024
/ Bank Recovery and Resolution Directive (BRRD) ,
Capital Requirements ,
EIOPA ,
EU ,
European Parliament ,
Exit Planning ,
Financial Institutions ,
Financial Services Industry ,
FSMA ,
HM Treasury ,
Insurance Industry ,
Lead Supervisory Authority ,
Legislative Agendas ,
Notification Requirements ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Recovery Plans ,
Regulatory Agenda ,
Reinsurance ,
Solvency II ,
UK
“The Standard Formula’s” Rob Chaplin once again gives listeners a look at how to address some of the intricacies of Solvency II. In this episode, he is joined by Feargal Ryan for a discussion on how insurers should navigate...more
The PRA has released an important statement on its approach to funded reinsurance. Our view is that the statement endorses the conceptual principle that funded reinsurance (particularly to offshore counterparties) should best...more
8/2/2024
/ Banking Sector ,
Capital Requirements ,
Collateral Agreements ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Solvency II ,
Standard Contractual Clauses ,
UK
“The value of technical provisions should correspond to the amount which another insurance or reinsurance undertaking (the reference undertaking) would be expected to require to take over and fulfil the underlying insurance...more