Reserving in a time of volatility: How inflation challenges traditional actuarial methods
Discover how inflation volatility challenges traditional actuarial methods and the innovative strategies insurers can adopt to navigate this unpredictability effectively.
Closing the reporting gap: How to prepare for CP19/24 and future regulatory reporting demands
Get ready for CP19/24: Modernize data and reporting for UK insurers to enhance transparency, accuracy, and regulatory compliance. --- In this blog post, we delve into the Prudential Regulation Authority's (PRA) consultation paper CP19/24, released on December 11, 2024, which aims to close liquidity reporting gaps and streamline Standard Formula reporting for UK insurers. This regulatory update is more than just another compliance mandate; it’s a significant opportunity for finance and reporting professionals to reassess their data management practices, modernize systems, and prepare for future demands. Understanding CP19/24: What’s Changing and Why It Matters CP19/24 is part of the PRA’s broader efforts to simplify and strengthen regulatory reporting for UK insurers. Building on previous regulations, it introduces changes to templates, data requirements, and validation rules under Solvency II and related frameworks. The goal is to make reports more reliable and comparable across the industry by revising certain templates, removing
Claims inflation and pricing pressures: A wake-up call for general insurers
Discover how UK insurers are tackling claims inflation through dynamic pricing and portfolio management to protect profitability in a volatile market.
The forgotten link: Why finance needs to lead insurance operating model transformation
Discover how a finance-led approach can transform insurance operating models, ensuring efficiency, resilience, and sustainable profitability in a demanding regulatory environment.
Lessons from 2019 - 2022: What past stress tests tell us about preparing for DyGIST 2026
Learn how past stress tests from 2019 to 2022 can help insurance firms prepare for the upcoming DyGIST 2026 and ensure comprehensive resilience strategies.
Beyond the minimum: How leading insurers can turn DyGIST into a competitive advantage
Discover how leading insurers can leverage the Dynamic General Insurance Stress Test (DyGIST) to enhance competitiveness, capital allocation, pricing, and ESG performance.
Forecasting in a storm: Building financial planning models that withstand uncertainty
Building resilient financial planning models is crucial for UK insurers to navigate economic instability, rising inflation, climate-related events, and tighter regulations. Discover key strategies for success.
From compliance to confidence: How finance teams are preparing for Solvency UK
As UK insurers prepare for Solvency UK, finance teams must balance regulatory compliance with strategic insights for better capital management and business resilience.
Sanctions Compliance in Shipping: Why Marine Insurers and P&I Clubs Need the Right Lists and the Right Tools
Enhance maritime sanctions compliance by bridging OFSI and FCDO lists and using IMO numbers for precise screening. Learn how to protect against regulatory risks in shipping.
From stress to strategy: Using DyGIST insights to future-proof your actuarial function
Learn how DyGIST insights can enhance actuarial functions, driving resilience and strategic planning for insurers ahead of the 2026 regulatory requirements.