Key takeaways
- Employee benefits and compulsory lines to be permitted on reinsurance basis
- PRA targeting authorisation timeline of 4-6 weeks
- Minimum capital requirement set at £100,000
- Consultation responses required by 14 October
The Prudential Regulation Authority (PRA) has outlined its draft regulations for captive insurers in the United Kingdom, including a new “proportionate and tailored” solvency regime outside of Solvency UK.
Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
