12 February 2025
5 min
In our latest edition of current issues, we bring you insights into the UK insurance and financial services market.
We're delighted to invite you to our Insurance and Financial Services Scotland Conference, taking place at The Caledonian in Edinburgh on Thursday, 13 March 2025. This year’s theme, navigating the future of life insurance, focuses on the rapid transformation of our industry. From technological advancements to evolving customer expectations and regulatory changes, our experts and guest speakers will delve into key trends and strategies to help you navigate these challenges with confidence.
Longevity risk is one of the largest risks that life (re)insurers are exposed to. Many firms maintain a longevity risk capital model, making sure the methodology remains relevant and proportionate to the risk. We shine a spotlight on these models, considering how they may evolve with post pandemic data and Solvency II reforms.
A year after the FCA’s initial consultation on closing the advice gap, new proposals outline how targeted support could improve outcomes for DC pension savers. In this newsflash, we explore the key elements of the FCA’s plans and what they mean for firms looking to offer targeted pension support.
The PRA will mandate a liquidity risk reporting framework for major UK life insurers from 31 December 2025. Firms need to immediately begin building out their reporting capabilities to meet the challenging submission targets and daily demands of reporting under stress.
The European Insurance and Occupational Pensions Authority’s latest report on the Prudential Treatment of Sustainability Risks marks a significant step in aligning prudential frameworks with sustainability objectives. Focused on transition risks, non-life underwriting impacts, and social risk integration, the report outlines potential changes that could reshape insurers’ balance sheets and capital strategies.
The PRA has finalised its Solvent Exit Policy for insurers, which will take effect on 30 June 2026. Our Newsflash provides an overview of the policy, highlights the key updates, and outlines what insurers should be considering now to prepare effectively ahead of the implementation.
If you would like to discuss any of these topics with one of our specialists, please get in touch.
We pride ourselves on being thought leaders and are constantly discussing the many issues facing and shaping our industry. Sign up to find our current thinking on topical issues.
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