Following its consultation earlier this year (CP7/25), the Prudential Regulation Authority (PRA) has published a Policy Statement (PS17/25) on the Matching Adjustment Investment Accelerator (MAIA).
This initiative seeks to enable UK insurers to capitalise more quickly on investment opportunities by removing the requirement for prior approval from
Funded reinsurance arrangements (FundedRe) in the UK life insurance sector remain a clear supervisory priority for the Prudential Regulation Authority (PRA) following the publication of its supervisory statement SS5/24 in July 2024.
On 18 September 2025, the PRA published a speech by Vicky White, the Director for Prudential Policy at the
The Court of Appeal’s recent decision in Lonham Group Limited v Scotbeef Limited & D&S Storage Limited (in liquidation) [2025] EWCA Civ 203 (Lonham v Scotbeef) provides useful guidance on the proper categorisation of representations and warranties under the Insurance Act 2015. The decision also highlights the potentially significant difference in the remedies available for
On 21 March 2025, the Financial Conduct Authority (FCA) announced a comprehensive market study into the distribution of pure protection products to individual retail customers (MS24/1.2). This initiative aims to ensure that the market functions effectively and that consumers receive fair value and good outcomes from these products. The study puts commission arrangements
Background
The Prudential Regulation Authority’s (PRA) published its Policy Statement “Review of Solvency II: Reform of the Matching Adjustment” (PS10/24) and the associated finalised rules and guidance[1] on 6 June 2024. This followed the publication of the PRA’s consultation paper in September 2023 and the enactment of The Insurance and
On November 16, 2023, the Prudential Regulation Authority (PRA) published consultation paper CP24/23: Funded reinsurance, setting out its proposed expectations in respect of life firms entering into or holding funded reinsurance arrangements as cedants.
The PRA recognises that such reinsurance arrangements are an important part of risk management. However, the PRA sets out its