EIOPA puts PRA in tight spot ahead of Brexit with risk margin call

By Jasper Cox
16 Nov 2017

The Prudential Regulation Authority (PRA) is set to face more pressure to diverge from the Solvency II framework after the European Insurance and Occupational Pensions Authority (EIOPA) recommended no change to risk margin rules.

The risk margin is an extra amount of capital insurers must hold above solvency capital requirements, in order to enable a third party to run off the insurer in the case of an extreme event. It is sensitive to the prolonged low interest environment and particularly affects insurers ...

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