Financial management and planning by insurers

Supervisory Statement 4/18
Published on 17 May 2018

Financial management and planning by insurers – SS4/18

Overview

This supervisory statement (SS) is addressed to all UK firms and groups that fall within the scope of the Solvency II Directive (‘the Directive’), and to the Society of Lloyd’s and its managing agents (collectively referred to as ‘insurers’), and sets out the PRA’s expectations concerning:

(a) the development and maintenance of a risk appetite statement by insurers;
(b) how insurers apply their risk appetite when developing and monitoring their medium term business and financial plans; and
(c) the assessment of the suitability and sustainability of capital distribution plans in the context of this risk appetite.

This SS should be read in conjunction with:

PDF Supervisory Statement 4/18

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