Post-2012 supervision of insurers to focus on policyholders

The PRA, which will also supervise deposit-taking institutions and some investment firms, will focus its efforts on those insurers and issues that pose the greatest risk to policyholders and to the wider stability of the UK financial system, according to the paper. It will assess: the potential impact on policyholders and the financial system of a firm coming under stress or failing; how the macroeconomic and business risk context in which a firm operates might affect the viability of its business model - for example, its vulnerability to changes in mortality; other mitigating f...