by Kenneth Underhill | Mar 15, 2022 | Authorisations, FCA, Operations, Prudential Regulation Authority
Report Contents Introduction Governance Capital Underwriting Reinsurance Claims Actuarial Risk Compliance Internal Audit IT Corporate Additional Changes Summary Introduction There is a trend for MGAs to look at changing from an MGA model into a full insurer. Our...
by Nicky Hasler | Feb 10, 2022 | Compliance, FCA, Operational Resilience, Operations, Prudential Regulation Authority
As we approach the 31st March 2022, many firms will be asking themselves, have we done enough on Operational Resilience to satisfy the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA)? In March 2021, the PRA supplemented the Operational...
by Kenneth Underhill | Feb 2, 2022 | FCA, Prudential Regulation Authority
Register and download Q1 2022 Horizons ICSR has created its Horizons reporting service to assist those responsible for reporting on regulatory horizons by bringing together in one place all key regulatory issues for the insurance market. We hope that this will help...
by Kenneth Underhill | Jan 17, 2022 | Authorisations, Compliance, Operations, Prudential Regulation Authority, Risk
On 12th January, the PRA wrote to all life and general insurance CEOs, setting out their supervisory priorities for 2022. These should not come as a surprise to firms, with all previously covered in their business plan for the 2021/22 period released in May 2021. The...
by Kenneth Underhill | Jun 25, 2021 | Compliance, FCA, ICSR News, Prudential Regulation Authority
The covid pandemic has created an environment where long term absence of senior management function folders has become a more significant issue. By significant, we mean a scenario where the volume of long-term absences was probably becoming problematic for the FCA and...
by Kenneth Underhill | May 26, 2021 | FCA, Governance, Kenneth Underhill, Operational Resilience, Prudential Regulation Authority, Webinars
Watch the recording as Kenneth Underhill looks at the definitions of ‘Impact Tolerances’ and explores how firms should approach setting these across a multitude of scenarios aligned to their Important Business Services. You can download a copy of the slides here....