PRA says UK insurers in good health, but better own funds analysis needed
In feedback to UK insurers after a stress test this week, the Prudential Regulation Authority (PRA) was mostly positive about the sector but suggested they could improve their analysis of basic own funds under Solvency II.
The PRA’s director of insurance Anna Sweeney gave feedback on Thursday on its 2017 General Insurance Stress Test. The 26 largest insurers in the UK, 16 syndicates and the Society of Lloyd’s participated.The PRA concluded that the sector was in a position to withstand adverse events specified in ...
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