PRA invites post-Brexit transitional recalculations

UK regulator invites firms to recalculate smoothing effect to ease the pain of higher risk margin

The Prudential Regulation Authority: open to TMTP changes

The Prudential Regulation Authority (PRA) has invited UK insurers to apply for a recalibration of their transitional measure on technical provisions (TMTP) after the sharp fall in long-term swap rates following the British referendum decision to leave the EU.

The TMTP slows the introduction of the Solvency II valuation of liabilities over the next 16 years, and can be recalculated to reduce the impact of market volatility.

The suggestion firms would be allowed to recalculate TMTP following the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: