Prudential Regulation Authority (PRA)
2% rate rise in 2015 not enough to spark motor profitability, claims EY
Next year has been billed as the beginning of a trend in rising motor premiums by advisory firm EY, yet a predicted average 2% rise in 2015 will be below the rate of claims inflation.
PRA set to issue individual firm reviews following reserve release warning
Letter to industry CEOs raised concerns over the sustainability of reserve releasing
PRA writes to insurers warning about over-reliance on reserve releasing
The Prudential Regulation Authority has written to insurers in a bid to ensure firms are focused on sustainability after identifying an increase in reserve releasing in recent years.
LMA to offer climate change seminar for CEOs
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
PRA recruits Prudential's chief actuary for board slot
The Prudential Regulatory Authority has appointed an outgoing Prudential executive director to serve as an independent member of its board from May next year.
C-Suite - Broker: Time to embrace our similarities
Having made the leap from broking to an insurance company, I knew it would be different. I have had one or two ‘I don’t think we’re in Kansas anymore Toto’ moments but I always knew there would be a period of adjustment.
PRA won't seek to prevent orderly insurer failure
Insurers should be allowed to fail, as long as their exit is orderly, the Prudential Regulation Authority has stated.
Disaster Risk and Response Forum News - 12 June 2014
All the news from Post’s 2014 Disaster Risk and Response Forum
PRA releases supervisory statements aimed at insurers
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
Editor's comment: One year on, what’s changed?
Twelve months ago at the 2013 British Insurance Brokers’ Association conference, Financial Conduct Authority chief executive Martin Wheatley used his keynote speech to tell the market the regulator would be taking “early and decisive action” against…
White questions FCA decision-making speed after Treasury launches review
Industry figures critical of regulator’s early naming and shaming policy
Regulators to face enforcement decision-making review
The government has launched a review of the fairness, transparency, speed and efficiency of the institutional arrangements and processes the Financial Conduct Authority and the Prudential Regulation Authority use to make enforcement decisions.
Solvency II: It’s the final countdown
With a definitive date of 1 January 2016, Solvency II is finally set to be implemented – and insurers must make sure they are prepared
GI players demand action after FCA life insurance investigation blunder
Aviva and L&G shares fall after investigation details are aired prematurely.
Editor's Comment: FCA finds itself in the crosshairs
It hasn’t taken long for the hunter to become the hunted and, with insurers smelling blood, the Financial Conduct Authority finds itself in the awkward position of being forced to account for its own actions.
Regulators urged to provide value for 24% increase in costs
Commentators suggest FCA should move outside capital.
Editor's Comment: Scrutinisers under the spotlight
Insurers have long been used to proving their worth and providing their stakeholders with a healthy return on investment, but this week this particular spotlight turned on their regulators.
Infrastructure: Building for success
Plans for insurers to invest in infrastructure projects are being hampered by Solvency II.
Regulators must prove value for money as costs hit £664m
The twin peaks regulatory system will need to demonstrate it is providing value for money after a National Audit Office report highlighted escalating running costs and concerns over staff capacity.
Prettejohn linked with Lloyds Bank non-exec seat
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
Clyde & Co advises Whittington Group on sale of Direct Asia
International law firm Clyde & Co advised investment firm Whittington Group on the sale of Direct Asia to Hiscox.