by Claire King | Feb 19, 2024 | Prudential Regulation Authority, Risk, Solvency
This article was first published by Insurance Day in their Viewpoint section. Reform of the Solvency rules affecting reinsurers operating in the UK is well underway and remains one of the oft-referred-to benefits of our exit from the EU. The new secondary growth...
by Claire King | Jan 29, 2024 | Prudential Regulation Authority, Risk
History is littered with stories of insurance company failures causing varying degrees of harm to policyholders who suddenly find themselves unable to secure payment for valid claims. The Financial Services Compensation Scheme has a whole website page dedicated to...
by Claire King | Jan 15, 2024 | Climate Change, Risk
As the financial services sector completes its second year of mandatory climate change disclosure reporting, it’s a good time to take a step back and review the current requirements and how these are to be enhanced and harmonised against the standard setters’...
by Claire King | Jan 11, 2024 | Risk, Solvency
With the PRA and FCA now beginning to really focus on how they can effect change that helps them deliver on their new secondary growth objectives, it is worth looking forward to a change likely to take effect at the end of 2024. The evolution of Solvency II to...
by Claire King | Sep 8, 2023 | Enterprise Risk Management, Governance, Insurers, Risk
Financial risk is an inherent element of the insurance market and one our industry generally feels confident managing. But the emerging set of facts that surround InsurTech disruptor Vesttoo remind us all that we must remain vigilant to the risks we are exposing our...