UK life insurers see 2025 stress test framework, technical input request
( July 10, 2024, 08:55 GMT | Official Statement) -- MLex Summary: The UK’s Prudential Regulation Authority has published the framework for its 2025 life insurance stress test, along with a request for technical input. The PRA said it is seeking feedback specifically on the clarity of its instructions and the completeness of the scenario assumptions to be provided by the PRA. The test will assess sector and individual firm resilience to severe but plausible events, strengthen market understanding and improve insight into risk management vulnerabilities, the regulator said. The test will not be used to set capital requirements, which are determined by Solvency II.Statement below, documents attached. ...
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