Beyond Statutory Accounts: The Future Role of the Insurance Finance Function
Discover how the insurance finance function is evolving from compliance to transformation, driven by new skills, technology, and ESG reporting requirements.
What does the latest Office of Foreign Assets Control (OFAC) penalty mean for UK property firms?
UK property firms must heed the recent OFAC penalty on Russia sanctions to navigate compliance risks and ensure robust due diligence in international transactions.
From volume to value: Rebalancing MI and board reporting in insurance finance
Rebalance insurance finance MI by transforming data-heavy board reports into actionable insights for better decision-making and strategic oversight.
Why a Strong Sanctions-Compliance Culture Matters
Discover how inflation volatility challenges traditional actuarial methods and the innovative strategies insurers can adopt to navigate this unpredictability effectively.
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.