Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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PRA begins next stage of Solvency II consultation

  • Laura Board 12 December 2017
  • The Prudential Regulation Authority (PRA) kicked off the second stage of a three-part consultation on the Solvency II regulatory framework with a look at the process for changing companies' internal models.

    The internal model provides for more bespoke regulation under Solvency II than the so-called standard formula and tends to be favoured by larger and more complex businesses.

    The PRA's consultation paper refines guidance set out about a year ago on how changes to these models are reported and supervised,...

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