The Prudential Authority (PA) published in July the draft Prudential Standard on public disclosures for insurers (PDI) and related guidance notice (GN) for public comment. This briefing note provides a brief background to the PDI and our initial thoughts on the latest draft, including the following:
- Consideration of Solvency II developments
- Balancing different stakeholder needs
- Audit and review requirements not clear
- Further considerations on availability and format