PRA publishes SS5/24 on funded reinsurance following PS13/24
26 July 2024·1 min read
The Prudential Regulation Authority has finalised its funded reinsurance framework for UK life insurers with the publication of Supervisory Statement SS5/24 in 2024, following Policy Statement PS13/24. The statement sets immediate expectations for UK Solvency II firms and UK branches using funded reinsurance as cedants, tightening governance, modelling…
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