The release of PRA Policy Statement and Supervisory Statement on financial management and planning by insurers: PS10/18 & SS4/18

In May, the Prudential Regulation Authority (PRA) issued two complementary publications in response to its November 2017 consultation paper CP23/17 “Financial management and planning by insurers”. The policy statement and supervisory statement issue further guidance and feedback based on industry responses to CP23/17 which set out the PRA’s expectations on effective financial management and planning by insurance firms and groups. This paper provides an updated summary of the supervisory statement.