by Kenneth Underhill | Sep 4, 2023 | ICSR News, Risk
ICSR is delighted to announce the appointment of Neil Jay as Senior Risk Analyst with effect from Monday 4th September. Neil has almost 20 years’ experience working in the Lloyds and London Market, with roles ranging from 2nd line Enterprise Risk Management to 1st...
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 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 | Apr 26, 2022 | Authorisations, Compliance, Insurers, Lloyd's, Operations, Prudential Regulation Authority, Risk
Last week, the PRA published their annual Business Plan and proposals for the regulated fees and levies. It is a year that will likely see some significant challenges for the regulator and regulated firms with the Future Regulatory Framework proposals currently being...
