Hymans Robertson On... Episode 94
Solvency UK consultation - October 2023
10 Oct 2023
The much-anticipated second Prudential Regulation Authority ("PRA") consultation paper that proposes changes to the Matching Adjustment (“MA”) framework was published on 28 September 2023.
This second consultation paper proposes several reforms to enable broader and quicker investment by insurers in their MA portfolios while improving responsiveness to risk and enhancing firms’ responsibility for risk management.
In this episode of Hymans Robertson On... Nick Ford is joined by Nicola Kenyon and Bob Tyley to summarise the consultation and discuss these key changes.
- Including new assets: what is required?
- Details on the proposed MA Attestation.
- Credit ratings: a more granular approach.
- New liabilities and process improvements.