Robert Chaplin

Nov 5, 2024 | jdsupra.com | Robert Chaplin |Ben Lyon

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Oct 11, 2024 | jdsupra.com | Sebastian Barling |Robert Chaplin |Ben Lyon

The Prudential Regulation Authority’s (PRA’s) director of insurance supervision, Shoib Khan, recently clarified the PRA’s approach to the UK (re)insurance market, including in the following key areas: The application of the PRA’s Secondary Competitiveness and Growth Objective (SCGO) and its differentiated supervisory approach. Facilitating productive life and funded (re)insurance (Funded Re) investments while mitigating risks. Encouraging investment by (re)insurers into the UK market.

Oct 11, 2024 | jdsupra.com | Robert Chaplin |Ben Lyon

[co-author: James Pickstock]Key Points The BMA has issued papers on collateral, liquidity and private credit that focus on these subjects in the context of asset-intensive (or funded) reinsurance for life and annuity business. The papers recognize the dominance of funds withheld/modified coinsurance structures and encourage their use, noting the importance of carefully drafted contractual provisions.

Oct 2, 2024 | jdsupra.com | Sebastian Barling |Robert Chaplin |Ben Lyon

[co-author: Martin Katunar]On 21 August 2024, the Financial Conduct Authority (FCA) published Thematic Review TR24/2 (Review), as part of its on-going scrutiny of the general insurance sector, focusing on pricing and value for money provided by insurance products. The Review focused on whether insurance manufacturers and distributors are meeting their product governance and oversight obligations under the rules in PROD 4 for general insurance (GI) and pure protection (PP) products.

Sep 27, 2024 | jdsupra.com | Robert Chaplin |Ben Lyon |Feargal J Ryan

See all chapters of A Guide to Solvency II. This chapter discusses the valuation of assets and liabilities under Solvency II. Given that strategic asset allocation and investment management are key aspects of an insurer’s business, especially for life insurers, this is an important area of focus across the industry.