Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Prudential Regulation Authority > Solvency II: ORSA and the ultimate time horizon — non-life firms - SS26/15 UPDATED
 

Solvency II: ORSA and the ultimate time horizon — non-life firms - SS26/15 UPDATED

15 June 2015

16 February 2017 – Content on this page has been updated, see:

Solvency II: ORSA and the ultimate time horizon – non life firms – SS26/15 UPDATE 

For information only, the original publication issued on 15 June 2015 is available below.

Background

This supervisory statement is of interest to UK solo insurance firms within the scope of Solvency II that carry out non-life business, and to the Society of Lloyd’s in respect of each of their Syndicates and in respect of outputs of the Lloyd’s internal model.

It sets out the PRA’s expectations of how non-life firms should identify and manage all risks to which their business could be exposed over the long and short term. This enables firms to assess their ability to meet obligations to policyholders in the event that the firm decides to cease writing business beyond that which it plans to write over the next twelve months, and to meet those obligations in stressed conditions.

SS26/15 was consulted on in Solvency II: further measures for implementation - CP24/14, appendix 6. See Related Links.

Supervisory Statement

Solvency II: ORSA and the ultimate time horizon — non-life firms - SS26/15


Share