Impact of the PRA's consultation on Solvency II

Hymans’ Michael Abramson looks at the logic behind proposals but highlights the challenges

clock • 3 min read
Hymans Robertson partner and risk transfer specialist Michael Abramson
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Hymans Robertson partner and risk transfer specialist Michael Abramson

On 28 September 2023 the Prudential Regulation Authority (PRA) published its final consultation on the government’s new ‘Solvency UK’ regime for insurers, which will replace Solvency II.

This consultation looks at some of the key investment areas associated with Solvency UK, focussing in particular on the ‘matching adjustment', a feature of Solvency II that is key to the buy-in and...

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