Update 29 March 2018
SS36/15 was updated following the publication of Policy Statement 6/18 ‘Responses to CP18/17 Occasional Consultation Paper – Chapter 2 to 6, 9 and 10’. This version of SS36/15 is effective from Friday 30 March 2018.
This supervisory statement sets out the list of codes which the PRA expects firms to use when reporting information on life business or annuities stemming from non-life business at product level. The life product codification has been divided into categories, similar to those used by the Association of British Insurers (ABI) for its new business data collection:
- investment and savings;
- individual pensions;
- corporate pensions;
- protection; and
SS36/15 is relevant to all UK insurance firms and groups within the scope of Solvency II and to the Society of Lloyd’s. The PRA consulted on the proposals in CP20/15 and has taken the feedback received into consideration.