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
On 30 September 2025, the Australian Government announced a review of the Terrorism and Cyclone Insurance Act 2003 (Cth) (the Act).
Background
The Act provides the legislative underpinning for the Australian Reinsurance Pool Corporation’s operation of the Terrorism Reinsurance Pool (terrorism reinsurance pool) and Cyclone Reinsurance Pool (cyclone reinsurance pool).
As part of its 2025 enforcement priorities, the Australian Securities and Investments Commission (ASIC) has been taking on insurers it says haven’t treated customers fairly or in good faith. In its latest move, announced on 23 September 2025, the regulator initiated proceedings in the Federal Court against RACQ Insurance Limited (RACQ)
On 24 September 2025, the Australian Government issued for comment draft legislation that would ban the use of genetic test results in life insurance underwriting. The amendments follow the policy concern that individuals are delaying or neglecting to obtain genetic testing for fear that an adverse result will affect their ability to obtain affordable life
Following revisions to its third country branch policies as part of the Solvency UK reforms, on 16 September 2025, the PRA published CP20/25 proposing further reforms which seek to address identified inconsistencies, further streamline the policy framework, clarify expectations and enhance regulatory transparency. Responses close on 16 December 2025 and the majority of the proposals
On 15 July 2025, HM Treasury (HMT) published a consultation paper on proposing new flexibilities to promote innovation and facilitate a wider range of transaction structures within the Risk Transformation Regulations.
The Risk Transformation Regulations 2017 (RTR) cover the issuance of insurance linked securities (ILS) and the use of
On 14 May 2025, the Financial Conduct Authority (FCA) published a new consultation paper (CP25/12) setting out its proposals to simplify the sections of the FCA’s Handbook which apply to insurance firms.
The consultation paper comments on the feedback it received in relation to its previous discussion paper on the Regulation of Commercial
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