FSA introduces new insurance rules

clock •

New rules for insurance companies calculating capital requirements kick in today as the effects of recommendations in the Tiner Review start to be felt.

From today insurance companies will have to more closely match capital held to the risks associated with business written. Those writing with-proifits business wil be required to use the greater of a capital adequacy figure calculated according to statutory or realistic reporting figures. Those providing general insurance will be able to continue using statutory reporting figures, but will also be required to provide risk-based capital calculations to the FSA. So-called Individual Capital Assessments provided to the FSA will be met with the regulator's own Individual Capital Guidan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Why IHT on pensions is a protection advice opportunity

Why IHT on pensions is a protection advice opportunity

Pension accumulation can no longer be considered separately from protection and estate planning

Naomi Greatorex
clock 23 September 2026 • 3 min read
FCA's Reynolds: 'We want to see a real improvement in financial inclusion because it matters'

FCA's Reynolds: 'We want to see a real improvement in financial inclusion because it matters'

In conversation with Graeme Reynolds, director of competition, FCA

Cameron Roberts
clock 22 September 2026 • 7 min read
FCA Pure Protection Market Study: Key milestones

FCA Pure Protection Market Study: Key milestones

A timeline of key developments

Jaskeet Briah
clock 21 September 2026 • 5 min read