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PRA Returns

Solvency II came into force on 1st January 2016 and introduced the requirement for UK Insurance Companies to publish an annual Solvency and Financial Condition Report (SFCR).

This replaced the previous UK solvency reporting regime and the requirement to produce annual insurance returns to the Prudential Regulatory Authority (PRA). The SFCR report does not contain sufficiently detailed information relating to with-profit fund holdings. As such, SL's PRA analysis ceased in 2016. 

UK Insurance Company PRA returns 2015

Created: 04-10-2016 Size: 81Kb Author: Fred Bell

In preparation for Solvency II and following the recent years of higher than normal uncertainty in the financial markets, UK Life Insurance companies are now generally in a much stronger solvency position than previous years.

Fixed interest securities are now more proportionally held in investment grade stock, while the equity backing ratios… Read more

UK Insurance Company PRA returns 2014

Created: 21-10-2015 Size: 180Kb Author: Fred Bell

Each year all UK insurance companies must publish a set of prescribed returns. The content and rules behind these returns are controlled by the Prudential Regulation Authority.

The PRA Returns are published in the second quarter of each year, and SL Investment Management (SL) undertakes a comprehensive review of the PRA Returns for over 30 of the top Life Offices (based upon those offices that SL deem to be most prevalent in the TEP market). Read more