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Briefing note

PRA PS10/24 – Review of Solvency II: Reform of the matching adjustment

10 July 2024

In June, the Prudential Regulation Authority (PRA) published its much-awaited Policy Statement 10/24 (PS10/24), covering the second set of proposed reforms to Solvency II in the United Kingdom. PS10/24 concludes the wider ongoing review of the UK’s insurance regulatory environment initiated by the government. Our paper summarises PS10/24 and includes several areas of numerical and graphical analyses which illustrate some of the key impacts and effects arising from the changes being made.


About the Author(s)

Florin Ginghina

Russell Ward

Lyndsay Wrobel

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