- What is new: The PRA has published a policy statement finalising reforms to the UK insurance special purpose vehicles regulatory framework, including changes to funding, grace periods, authorisation and contract...more
8/14/2025
/ EU ,
Financial Institutions ,
Funding ,
Insurance Industry ,
Policy Statement ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Reinsurance Agreements ,
Risk Management ,
UK
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
In a recent speech, Gareth Truran, the executive director of insurance supervision at the UK Prudential Regulation Authority (PRA), set out observations on growth in bulk purchase annuity (BPA) deals. The number of BPA deals...more