10 December 2025
5 min
The Prudential Regulation Authority (PRA) has finalised its supervisory expectations for how banks and insurers should manage climate-related risks.
The new policy, SS5/25, replaces SS3/19 and brings together previous PRA communications on this topic. This clarity and added detail will help firms understand what good practice looks like, and make it easier for insurers already managing climate risks effectively to demonstrate this to the PRA.
Our latest newsflash explains what has changed and what insurers need to do now.
If you'd like to explore the implication in more detail, please get in touch.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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