Post-2012 supervision of insurers to focus on policyholders

clock •

Policyholder protection will be at the heart of the Prudential Regulation Authority's (PRA) post-2012 supervision of insurance companies, a joint FSA and Bank of England paper outlines today.

The PRA, which will also supervise deposit-taking institutions and some investment firms, will focus its efforts on those insurers and issues that pose the greatest risk to policyholders and to the wider stability of the UK financial system, according to the paper. It will assess: the potential impact on policyholders and the financial system of a firm coming under stress or failing; how the macroeconomic and business risk context in which a firm operates might affect the viability of its business model - for example, its vulnerability to changes in mortality; other mitigating f...

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

Budget 26: The protection and health impact

Budget 26: The protection and health impact

Protection industry reflects on missed opportunities

Cameron Roberts
clock 30 October 2026 • 5 min read
Is failing to protect a client's income an oversight or neglect?

Is failing to protect a client's income an oversight or neglect?

What happens to your financial plan if your ability to earn reduces or stops?

Kevin Carr
clock 29 October 2026 • 3 min read
Why the protection gap is a problem of reach

Why the protection gap is a problem of reach

'Most people I meet have never had protection properly explained to them'

Cherian Skariah
clock 16 October 2026 • 4 min read