United Kingdom

Details

  • Industry: Financial Services, Insurance
  • Type: Business and industry issue
  • Date: 01/04/2014

Illuminate Edition 2 – Insurance Regulatory Newsletter 

This edition examines the challenges insurers currently face with developing their own risk and solvency assessments (ORSAs) and how they are leveraging this work to feed into strategic decision making in the business. We consider the impact on business models, firm culture and conduct risk frameworks in the wholesale general insurance market as the Financial Conduct Authority (FCA) begins to contemplate conduct risk outside the narrower confines of retail insurance customers.

Our article on the proposed changes to the Prudential Regulation Authority (PRA) handbook acknowledges the shift towards resolution and recovery as it becomes a matter of concern for the boards of all insurers not just those designated as Global Systemically Important Insurers (GSIIs).


Finally, we share our current thoughts on how regulatory developments will affect PRA- authorised insurers.


Download your copy of the latest edition of Illuminate


We also thought we’d share this year’s Evolving Insurance Regulation report: A kaleidoscope of change, published  by our Global Financial Services Regulatory Centre of Excellence. It explores how regulatory change at the global and regional levels is altering the landscape and examines the implications insurers confront in responding to these developments.

 

About Illuminate


Illuminate is KPMG’s regulatory e-newsletter for the insurance sector. Available quarterly, it contains bite-sized summaries of topical regulatory issues affecting the insurance industry.

 

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Jane Portas

Jane Portas

Partner

KPMG in the UK

020 7311 5437

jane.portas@kpmg.co.uk

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