PRA intensifies internal model scrutiny for UK insurers
By IAN Editorial Desk
News date: 15 May 2023Published 24 May 2026·3 min read
2026-02-18 The PRA today set out plans for more intensive and structured scrutiny of insurers’ internal models, combining streamlined approval rules with a...
The PRA today set out plans for more intensive and structured scrutiny of insurers’ internal models, combining streamlined approval rules with a new ongoing review regime under its Solvency UK reforms.
The proposals are contained in Consultation Paper CP12/23 on adapting Solvency II to the UK insurance market, published in June 2023.
New internal model framework and faster approvals
The…
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