by Kenneth Underhill | Jan 26, 2023 | Climate Change, Culture, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
On 10th January, the PRA issued a letter to all Life and General Insurers, setting out its supervision priorities for 2023. Nothing in the list of priorities should come as a great surprise to insurance firms, and in a recent meeting with a client we noted that there...
by Kenneth Underhill | Dec 30, 2022 | ICSR News, Our Team, Risk
ICSR is delighted to announce the appointment of Claire King as Risk Director with effect from 3rd January 2023. Claire has over 20 years’ experience of working in the London Insurance market, developing and implementing risk frameworks for a variety of firms...
by Kenneth Underhill | Nov 28, 2022 | Actuarial, Enterprise Risk Management, Insurers, Prudential Regulation Authority, Risk, Solvency
In an announcement mostly lost to the scrutiny of the Autumn Budget statement, HM Treasury has published its finalised reforms to parts of the Solvency II regime. With the reforms likely to be mostly welcomed by UK Insurers and those International insurers with a UK...
by Kenneth Underhill | Oct 6, 2022 | ICSR News
Kenneth Underhill Reflects On The Last 12 Months Our financial year runs to 30th September and the last 12 months are ones I will reflect on historically as being the point at which ICSR shifted to ‘revolution rather than evolution’. The highlights are: Our turnover...
by Kenneth Underhill | Sep 28, 2022 | Compliance, Consumer Duty, FCA, ICSR News, Product Governance
A Warning Shot Across The Bows, Or The Opening Salvo From The Regulator? The FCA has updated insurance firms on its plans for addressing the issues that it has been investigating around the placement of insurance for multi-occupancy buildings following an intervention...