Header graphic for print
Global Insurance Blog International Insurance and Reinsurance News, Trends, and Cases

Tag Archives: Longevity risk transfers

Posted in Regulatory and legislative updates, UK

UK: PRA publishes Consultation Paper 3/19 “Solvency II: Longevity risk transfers-simplification of pre-notification expectations”

On 5 February 2019, the Prudential Regulation Authority (PRA) published Consultation Paper (CP) 3/19, which proposes to update Supervisory Statement (SS) 18/16 “Solvency II: longevity risk transfers” to simplify the pre-notification requirements for longevity risk transfers and update the key risks the PRA considers arise from longevity risk transfers. Since Solvency II came into effect

Posted in Market developments, UK

UK: What does the PRA’s recent focus on longevity risk transfers mean for UK insurers?

During February, the Prudential Regulation Authority (PRA) twice provided insurance firms with its views on longevity risk transfers. On 9 February, Andrew Bulley, Director of Life Insurance at the PRA, co-authored a letter with Chris Moulder, Director of General Insurance Supervision, highlighting the PRA’s views on issues connected with longevity risk transfers. This letter was