Solvency II Technical Information Post-Brexit

Solvency II Technical Information Post-Brexit

The PRA have now confirmed the new approach to the publication of Solvency II technical information after the Brexit Temporary Permissions Regime ends on 31st December. If you have a year end on 31st December, or hold reserves in obscure currencies, make sure you understand the new rules.

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Product Governance – Not Just a Pandemic Process

Product Governance – Not Just a Pandemic Process

The product governance process is not an ‘occasional’ piece of work carried out to a deadline but an ongoing regulatory obligation used to help manage risk within the business. Kenneth Underhill looks at the requirements for product manufacturers and considers the current 3rd December deadline imposed for reviewing Covid-19 issues.

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Vulnerable Customers: Be Aware and Take Due Care

Vulnerable Customers: Be Aware and Take Due Care

With the FCA estimating that over 24 million consumers show at least one characteristic of vulnerability, the FCA Consultation Paper GC20/3 “Guidance for firms on the fair treatment of vulnerable customers” should be of concern to all insurers. Craig Umbleja looks at the issues raised.

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