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 1 June 2021. Effective from 2 June 2021.

- following  PS11/21 ‘Strengthening accountability: Temporary, long-term absences’.

Past versions