Florin Ginghina

We summarise key points from a recent panel of senior ALM professionals representing a range of UK-based life insurance firms.

We give key insights on the UK’s PS10/24, which includes reforms to the Matching Adjustment, much of which is beneficial to insurers and policyholders.

With bulk purchase annuity transactions, insurers must carry out thorough due diligence and determine their risk appetite for deals with unusual features.

We share findings from our 2024 Illiquid Asset Survey, which covers U.K. insurers in the bulk purchase annuity sector as they adapt approaches to solvency reform.

We offer some themes and insights from SFCR filings by UK bulk annuity insurers for year-end 2023, such as record premium volumes and careful capital deployment.

In February 2024, the Prudential Regulation Authority (PRA) published the first two sets of rules expected to be published during 2024 as part of its ongoing Solvency II review.

Prudential Regulation Authority's CP19/23 proposes a substantial package of reforms to the matching adjustment, changes whose aggregate impact will take time to become clear.

We present key observations from Milliman’s 2023 Illiquid Asset Survey, covering areas such as origination, valuation, Solvency II reform, and market conditions.

We summarize the main takeaways from the key changes in CP12/23, the first set of proposed reforms to Solvency II in the UK.

Financial risks arising from climate change pose unique and significant challenges for portfolio management