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...
by Claire King | May 16, 2023 | Climate Change, Compliance, Enterprise Risk Management, Environmental Social and Governance, Insurers, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
The PRA Business Plan was released in early May and sets out their workplan, strategy and budget for the 2023/24 period of activity. As a key public statement from the Regulator, its importance in understanding the focus for the coming year sits alongside the earlier...
by Claire King | Jan 18, 2023 | Compliance, FCA, Insurers, Operational Resilience, Operations, Prudential Regulation Authority
In the wake of the extensive, and sometimes painful, Operational Resilience projects which have been undertaken by the financial services sector over the last 18 months, comes a sobering reminder of why this regulation is so important. In December 2022, the PRA and...
by Claire King | Jan 10, 2023 | FCA, Prudential Regulation Authority, Senior Managers and Certification Regime, Solvency
The Edinburgh Reforms, launched by the government in December 2022, represent an extensive package of regulatory reforms to the UK Financial Services sector, aimed to support the government’s ambitions for the UK to be the “world’s most innovative and competitive...