Melanie Westcott contributed to this briefing note.
The Prudential Regulation Authority (PRA) published a Solvency II Insurance Directors’ update letter on 6 November 2015 or all Solvency II affected firms, to discuss the updates. With the implementation of Solvency less than two months away, reviewing applications for Solvency II approvals is the PRA’s main priority.
In this briefing note, we highlight further Solvency II updates surrounding:
- Equity Release Mortgages (ERM)
- Risk margin methodologies
- Solvency II waivers and modifications
- Solvency II national specific templates (NSTs)