PRA proposes changes to insurers’ reporting requirements

As part of its review into the implementation of Solvency 2, PRA has published a consultation paper on changes to insurance reporting requirements.

The changes are designed to reduce the burden for Solvency 2 firms and mutuals while maintaining PRA’s ability to meet its statutory objectives and to supervise firms. The consultation paper is relevant to all UK Solvency 2 firms, Lloyd’s and its managing agents and mutuals.

The consultation closes for comments on 13 April 2018.