Strengthening individual accountability in insurance

Supervisory Statement 35/15

First published on 13 August 2015

This supervisory statement sets out the Prudential Regulation Authority's (PRA's) approach to strengthening individual accountability in insurance. It is addressed to: 
  • UK Solvency II insurance firms; 
  • third country insurance branches within the scope of the PRA’s rules transposing the Solvency II Directive; and 
  • the Society of Lloyd's and managing agents.

The statement sets expectations regarding: 

  • the SIMR;
  • the application of conduct standards and associated notifications; and 
  • assessing fitness and propriety. 

Current version

Published on 24 February 2020. Effective from 24 February 2020.

- following  PS3/20 ‘Responses to Occasional Consultation Paper 25/19 – Chapters 2 and 3’.

Past versions

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