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PRA sends Dear CEO letter to PRA-regulated Insurance firms regarding its 2025 priorities for the UK Insurance sector

Copyright © 2025 LexisNexis

Published on: 09 January 2025

Published by LNB News

LNB News 09/01/2025

Document Information

Issue Date: 09 January 2025

Published Date: 09 January 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA) has written to the Chief Executive Officers of firms regulated by the PRA in the UK insurance sector, outlining its 2025 priorities. The letter emphasises the need for robust governance, risk management, and controls to identify, analyse, and mitigate risks. It highlights the completion of the Solvency II review and the implementation of Solvency UK reforms, which aim to spur a vibrant, innovative, and internationally competitive insurance sector, protect policyholders, and support long-term investments.

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