PRA Policy Statement 2/24 on Solvency UK Reform

29 Feb 2024 - Estimated reading time: 5 Minutes

The PRA published Consultation Paper (CP) 12/23 on 29 June 2023, which marked a major milestone in the development of Solvency UK. On 28 February 2024, the PRA published the subsequent Policy Statement 2/24, which provides its final policy on the proposed reforms in CP12/23 and outlines the PRA’s feedback to responses received.

Read our latest newsflash, in which Kirsten Wilkie and Bob Tyley take a closer look at the Policy Statement and the next steps insurers and re-insurers can now take. 

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