IFRS 17 implementation approaches with January 2023 deadline
IFRS 17’s 1 January effective date is now fixed, leaving insurers limited time to lock down methodologies, data and governance ahead of first reporting.
15 December 2022·1 min read
Regulation & Policy
124 articlesPRA year-end TMTP guidance issued
The Prudential Regulation Authority (the PRA) told insurers today it will accept applications to recalculate the transitional measure on technical...
5 December 2022·1 min read
PRA publishes observations on insurer private asset valuations
The Prudential Regulation Authority (the PRA) requires insurers holding private and other non‑traded assets to strengthen valuation methodologies,...
25 November 2022·1 min read
PRA publishes IFRS 17 regulatory reporting expectations
IFRS 17, which became effective on , is reshaping how insurers present performance and risk in their primary financial statements.
1 September 2022·1 min read
EIOPA sets strategy for 2023-2026
EIOPA today published its Strategy 2023–2026, setting supervisory and policy priorities that will shape the authority’s workplan for the next three years...
25 August 2022·1 min read
EIOPA publishes sustainable finance activities 2022-2024
EIOPA today published its sustainable finance activities plan for 2022‑2024, setting out supervisory priorities for (re)insurers and occupational pension...
15 June 2022·1 min read
PRA outlines principles-based approach to internal models
The PRA today published consultation paper CP6/22, setting out a principles-based model risk management framework for banks and proposing five supervisory...
10 May 2022·1 min read
PRA sets expectations for AI and machine learning use in insurance
The PRA and the FCA today set out their expectations for the use of artificial intelligence and machine learning in insurance, building on joint discussion...
1 April 2022·1 min read
Government publishes further Solvency II reform details
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28 February 2022·1 min read
PRA-Treasury continue Solvency II reform discussions
Solvency II reform in the UK moved from political signalling to detailed rule design in 2022, as HM Treasury and the Prudential Regulation Authority (PRA)...
10 February 2022·1 min read