PRA proposes that insurers prepare for solvent exit as part of business-as-usual activity
By IAN Editorial Desk
23 January 2024·Updated 24 September 2026·1 min read
Primary source: bankofengland.co.uk
The regulator would expect detailed execution plans only once a firm's solvent exit became a reasonable prospect.
The Prudential Regulation Authority (PRA) has proposed that insurers it regulates prepare for an orderly solvent exit as part of their business-as-usual activities and be able to execute one if needed. The proposals are set out in consultation paper CP2/24, Solvent exit planning for insurers, published on 23 January 2024.
Under the proposed rules and expectations, firms would document those…
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