PRA ramps up monitoring of valuation risk

Regulator reasserts governance and control requirements ahead of Solvency II

Bank of England

UK insurers are under increasing pressure to improve their assessment of asset valuation risk, as the Prudential Regulation Authority (PRA) steps up efforts to ensure the industry is Solvency II compliant by the January 1, 2016 implementation date.

The PRA released a consultation paper (CP10/14) on valuation risk for insurers on May 30 containing its expectations of firms with regard to how they estimate valuation uncertainty – particularly for structured products and illiquid securities.


To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: