Equity release mortgages: stopping the roof falling in

The Prudential Regulation Authority has shaken up life insurers by proposing new assumptions around the valuation of ERMs. The more prudent approach seeks to avoid a potential disaster if house prices stagnate or crash, but the impact on insurers could be serious. Christopher Cundy reports


All UK Solvency II reporting to use XBRL

Transition period not allowed, but a testing window will be offered


How to implement an effective and compliant model validation process

Ashish Kwatra and Jennifer (Kang) Khaleghy continue to share their experiences around successful internal model approval programmes with a focus on independent model validation – an area closely scrutinised by the regulator


PRA pauses work on risk margin reform - UPDATED

Cites ongoing uncertainty about UK-EU relationship


Cyber risk still a struggle for insurers

Progress in managing cyber risk exposures is continuing, but are insurers doing enough to convince regulators that they understand what they're doing? Paul Walsh reports


Use of section 166 reports continues unabated

UK regulators continue to employ outside experts at insurers' cost


PRA to switch all Solvency II reporting to XBRL

Also consulting on changes to internal model reporting


PRA sets threshold for small insurers' SFCR audit exemption

Regulator also consults on DVA in internal models


XL Catlin licenses Praedicat's casualty catastrophe models

Software helps to predict the "next asbestos"


PRA to liberate smaller insurers from SFCR external audit requirement

More than 150 firms estimated to benefit from proposed change