PRA confirms approach to supervising insurers

Documents published over the summer provide some insight into how the PRA is supervising insurers.  In particular, firms should be aware of a new version of the PRA's "Approach to insurance supervision" (Approach Document) and of an update on the… Read more

EU audit reform: the impact for insurers

Insurers and reinsurers need to prepare for changes to the audit regime applying from June 2016.  In particular, requirements for the mandatory rotation of auditors will need to be planned for. Other changes to the current regime are substantial, including tighter… Read more

With-profits mutuals – FCA confirms way forward

The FCA has at last confirmed that it will help mutual life insurers to avoid closure once they can no longer write material levels of new with-profits business. In a move designed to promote competition in retail financial services, the… Read more