UK Insurance & Lloyd's Regulations, Solvency UK Reform & PRA Rules
Latest Solvency UK reform statutory instruments, PRA insurance supervisory statements, Lloyd's regulatory requirements, and matching adjustment rules.
Insurance & Lloyd's Regulatory Landscape & Compliance Overview
Official IntelligencePolicyIndex indexes real-time gazette notifications, policy orders, tariff determinations, and compliance circulars issued across the Insurance & Lloyd's sector. Regulatory intelligence is aggregated across central ministries, state regulatory commissions, and statutory authorities.
Statutory Directives
Official Extraordinary Gazettes, S.O. & G.S.R. orders, and executive notifications.
Compliance Mandates
Sector-specific regulatory obligations, licensing norms, and statutory filing guidelines.
Other Verticals in Financial Services & Insurance
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Official Insurance & Lloyd's Gazettes & Notifications
Frequently Asked Questions on Insurance & Lloyd's Regulations
What is Solvency UK and how does it differ from Solvency II?
Solvency UK is the UK post-Brexit tailored reform of the EU Solvency II insurance capital regime, featuring a relaxed matching adjustment, reformed risk margin, and new mobilisation regime for start-up insurers, implemented via statutory instruments under FSMA 2000.
What changes does the Solvency UK Matching Adjustment (MA) reform introduce?
The PRA's matching adjustment reforms permit insurers to hold assets with highly predictable cash flows (not just fixed cash flows) in their MA portfolios, allow sub-investment grade assets, introduce an attestation requirement where the Chief Actuary must formally attest to MA validity, and streamline MA approval applications to unlock long-term productive investment.
How is the Lloyd's of London insurance market supervised by the PRA and FCA?
Lloyd's operates under dual-key regulation: the Society of Lloyd's itself, managing agents, and Lloyd's members' agents are dual-regulated by the PRA (for prudential solvency under Solvency UK) and FCA (for conduct). The Council of Lloyd's exercises internal market oversight, setting capital requirements including the Central Fund.