PRA reviews insurer third-party concentration risks
By IAN Editorial Desk KPMG has today published analysis of the Prudential Regulation Authority’s Insurance supervision 2023 priorities letter, highlighting...
KPMG has today published analysis of the Prudential Regulation Authority’s Insurance supervision 2023 priorities letter, highlighting a renewed focus on counterparty and concentration risks linked to reinsurance and third‑party arrangements. The KPMG report notes that the PRA will scrutinise how rapidly growing reinsurance use and outsourced services could create concentrated exposures across individual insurers and the wider sector.
Key findings…
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