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.
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.
Solvent Exit Planning for Insurers PS20/24, SS11/24
Discover the PRA's new solvent exit planning rules and how Brighter Consultancy can help insurers navigate these upcoming regulatory requirements effectively.
Blueprint Two: Preparing for Phase Two – How Businesses in the London Insurance Market Can Adapt and Thrive
Discover how London’s insurance sector is embracing digital transformation with Blueprint Two, addressing challenges and opportunities to ensure efficiency and innovation in the market.
The Increased Demand for Change Functions for Pricing System Upgrades in Insurance
Discover the key drivers and challenges shaping the insurance industry's demand for pricing system upgrades. Learn how strategic implementation can lead to long-term success. Contact Brighter Consultancy for expert advice.