Market turning event in the general insurance sector: PRA consultation

The PRA issued a consultation on 21 September 2016 on a draft supervisory statement regarding its expectations of general insurance firms in circumstances where there is a general loss event which might affect firms’ solvency and future business plans.  The draft supervisory statement covers the PRA’s expectations of firms in planning for and dealing with such an event.

The consultation closes on 21 December 2016.

Contact FIN.