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Home > News and Publications > Insurance supervision at the PRA - speech by Sam Woods

Insurance supervision at the PRA - speech by Sam Woods

20 March 2017

Press release

Speaking at London Business School, Sam Woods, the Bank’s Deputy Governor for Prudential Regulation and CEO of the Prudential Regulation Authority (PRA), explores the PRA’s role in maintaining ‘a resilient insurance sector which does not pass risks back to policyholders when they crystallise’.
Following the implementation of Solvency II, Sam’s speech coincides with today’s publication of the report by the Bank’s Independent Evaluation Office (IEO) on the PRA’s approach to its objective of protecting policyholders. We have also published the PRA’s response to this report.
This graphic sets out how the PRA supervises UK insurance companies:
Supervising UK insurance companies


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