Third Country Branches of International Insurers

PRA Rules, Waivers and Modifications by Consent

• Third Country Branches
• Actuaries
• Insurance – Allocation of responsibilities
• Insurance – Certification 
• Insurance – Conduct Standards
• Insurance – Fitness and Propriety
• Insurance – Reporting 
• Insurance – Senior Management Functions
• Insurance – Senior Managers Regime – Applications and Notifications 
• Insurance – Senior Managers Regime – Transitional Provisions
• Key Function Holder – Notifications 
• Whistleblowing
• Modification by consent for pure reinsurance branches (modification by consent)
• Modification by consent for third-country insurance branches that write business relating to risks which are not located in the UK to modify certain rules relating to reporting requirements and provisions (modification by consent)
• Modification by consent of Solvency II Reporting 2.2(1) for third country insurance branches (modification by consent)

Supervisory Statements and Statements of Policy

• Strengthening individual accountability in insurance (SS35/15)
• Solvency II: reporting and public disclosure options provided to supervisory authorities (SS40/15)
• Solvency II: third-country insurance and pure reinsurance branches (SS44/15)
• Solvency II: Prudent Person Principle (SS1/20)
• The PRA’s approach to the authorisation and supervision of insurance branches (Statement of Policy)
• Solvency II: reinsurance counterparty credit risk (SS20/16)
• Solvency II: Calculation of technical provisions (SS8/24)
• Solvency II regulatory reporting waivers (Statement of Policy)
  
   

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

• Guidelines on supervision of branches of third-country insurance undertakings (EIOPA-BOS 15/110): these should be read in conjunction with appendix 1 – Remaining relevant Branch Guidelines in SS44/15.