PRA highlights underwriting and reserving worries within actuarial function

Issues include insufficient challenge, independence and objectivity


Australian health industry gets new prudential standards

Regulator issues rules on governance, board membership and audit


AIR partners with Capsicum Re to tackle silent cyber risk

Uncertainty could come from property, marine and other non-cyber lines of business, says AIR


Supervisors inconsistent in monitoring climate risk

Supervisors' varying levels of familiarity with climate risk requires the establishment of a global framework for measuring and managing those risks, according to the IAIS and the UN SIF.


Prudential to switch supervisors after M&G demerger

Asian-focused business will no longer be overseen by the UK PRA


Equity release mortgage lending "a scandal like Equitable Life"

Durham University professor warns of major errors in insurers' valuation


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


Just warns of impact from regulator's matching adjustment reforms

UK life insurer is a major investor in equity release mortgages, the MA treatment of which is under scrutiny


PRA sets out MA concerns and future projects

Letter to chief actuaries says also discusses internal models, stress testing and fundamental spread