Jason Davies
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
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.
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.
CP19/24: Closing Liquidity Reporting Gaps – What Insurers Need to Know
UK insurers must prepare for new PRA liquidity reporting requirements under CP19/24 to enhance resilience and regulatory compliance by December 2025. Discover key steps for readiness.
FCA Confirms New Safeguarding Rules to Protect Consumers’ Money
The FCA introduces new safeguarding rules from May 2026 to enhance consumer protection in payment and e-money firms. Discover the key changes and how they impact the sector.
Governance, risk and controls under Solvency UK
Explore how insurers can effectively embed governance, risk, and control frameworks under Solvency UK to meet new regulatory expectations and drive sustainable growth.
Navigating the Future: Strategic Priorities for CFOs in the UK Insurance Sector (2025 and Beyond)
CFOs in the UK insurance sector must embrace digital transformation, regulatory agility, ESG integration, talent development, and strategic capital allocation to navigate future challenges effectively.
Solvent Exit Planning - What Insurers Need To Know
UK insurers must prepare solvent exit plans by June 2026 to ensure policyholder protection and market stability. Learn how to comply with PRA's new rules and build robust strategies.
From Regulation to Opportunity: Releasing Capital for Growth
Understand the importance of using both the FCDO Sanctions List and the OFSI Consolidated List for comprehensive UK sanctions compliance.