Run Off and Undertakings in Difficulty

PRA Rules and Modifications by Consent

For UK Solvency II firms

• Undertakings in difficulty
• Group Supervision, Chapter 4
• Insurance Senior Management Functions, Head of Small Run-Off firm (Chapter 6A) 
• Insolvent insurers (modification by consent)

For UK Solvency II firms and Third country branches

• Run-Off Operations

For Non-Solvency II firms

• Non-Solvency II Firms - Run-off Firms 

For Supervised Run-Off firms

• Insurance - Supervised Run-Off

Supervisory Statements

For UK Solvency II firms

• Solvency II: supervision of firms in difficulty or run-off (SS7/15) 
• Capital extractions by run-off firms within the general insurance sector (SS4/14)

For all insurers

• The Prudential Regulation Authority's approach to schemes of arrangement proposed by PRA-authorised insurers under Part 26 of the Companies Act 2006 (SS3/14)
• Corporate Governance: Board responsibilities (SS5/16)

Statement of policy

For all insurance firms with a P4A permission

• Dealing with insurers in financial difficulties (statement of policy)

For UK Solvency II firms

• Solvency II: the PRA's approach to the permissible recovery period for insurers to restore full cover for their SCR