Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
PRA begins next stage of Solvency II consultation
- 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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