PRA publishes SS5/24 on funded reinsurance following PS13/24
By IAN Editorial Desk
News date: 26 July 2024Published 24 May 2026·5 min read
2026-02-18 The Prudential Regulation Authority has finalised its funded reinsurance framework for UK life insurers with the publication of Supervisory...
The Prudential Regulation Authority has finalised its funded reinsurance framework for UK life insurers with the publication of Supervisory Statement SS5/24 in 2024, following Policy Statement PS13/24. The statement sets immediate expectations for UK Solvency II firms and UK branches using funded reinsurance as cedants, tightening governance, modelling and contingency planning around a rapidly growing risk transfer channel.
Scope, timing…
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