PRA publishes policy statement on financial management for insurers

Following its consultation on effective financial management and planning for insurance firms and groups, the PRA has now published its final policy statement PS10/18, and Supervisory Statement SS4/18, ‘Financial management and planning by insurers’.

The Supervisory Statement (which has been modified in the light of responses to the consultation) includes a framework for the:

  • development and maintenance of a risk appetite statement by an insurer;
  • application of this risk appetite to the insurer’s business and financial plans; and
  • assessment of the suitability and sustainability of capital distribution plans in the context of this risk appetite.




Roseyna Jahangir