Could the PRA soon be knocking on personal lines insurers’ doors?

Scott McGee_News Editor_Insurance Post

Editor’s View: 2022 was tough for personal lines, but if you are an insurer who had a particularly difficult year, the Prudential Regulatory Authority could soon be knocking on your door.

If you were to look through the financial reporting statements of personal lines insurers for 2022, a fairly common theme would start to show.

Many insurers and brokers saw combined operating ratio

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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