On 21 May 2026, the Prudential Regulation Authority (PRA) published Policy Statement PS13/16 (“Insurance Third-Country Branches: Policy Implementation and Other Updates”), along with several appendices, finalising reforms to...more
6/10/2026
/ Capital Requirements ,
Cross-Border Transactions ,
Insurance Regulations ,
Policy Statement ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance Agreements ,
Reporting Requirements ,
Threshold Requirements ,
UK
This chapter discusses select prudential solvency regimes in Latin America, covering Brazil, Chile, Mexico, Argentina and Colombia. These five jurisdictions offer instructive comparative perspectives on the trajectory of...more
6/10/2026
/ Argentina ,
Brazil ,
Capital Requirements ,
Chile ,
Colombia ,
Insurance Regulations ,
International Harmonization ,
International Regulatory Standards ,
Latin America ,
Mexico ,
New Legislation ,
Prudential Standards ,
Regulatory Oversight ,
Regulatory Reform ,
Reinsurance ,
Reinsurance Agreements ,
Risk Assessment ,
Risk Management ,
Risk-Based Approaches ,
Solvency II
Prudential regulation across Africa is undergoing significant transformation. Regulators are gradually moving away from traditional, rules-based solvency requirements and adopting risk-based frameworks that better reflect...more
6/4/2026
/ Africa ,
Capital Requirements ,
Cross-Border ,
Governance Standards ,
Insurance Regulations ,
International Regulatory Standards ,
Prudential Standards ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Reinsurance Agreements ,
Reporting Requirements ,
Risk Management ,
Risk-Based Approaches ,
Solvency II
On this episode of “The Standard Formula,” host Rob Chaplin and Caroline Jaffer take a deep look at Malaysia's insurance regulatory landscape — one of the most distinctive in the Asia Pacific region. They discuss how the...more
On the second episode of "The Practice Manual," host Robert Chaplin is joined by colleagues James Pickstock, Feargal Ryan and Richi Kidiata to examine reinsurance-to-close (RITC), a vital mechanism of the Lloyd's of London...more
As introduced in our 23 April 2026 article “England’s New Independent Football Regulator: Are You on the Ball?,” the Football Governance Act 2025 (Act) represents a landmark shift for English football clubs....more
5/18/2026
/ Corporate Governance ,
Criminal Penalties ,
Criminal Prosecution ,
Enforcement ,
Enforcement Actions ,
Football ,
Investigations ,
New Legislation ,
Penalties ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On April 8, 2026, the Japanese Financial Services Agency (JFSA) published a proposed amendment to its Comprehensive Guidelines for Supervision of Insurance Companies, adding new provisions specifically targeting reinsurance....more
5/11/2026
/ Insurance Regulations ,
Japan ,
New Guidance ,
Private Equity ,
Proposed Amendments ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Reinsurance Agreements ,
Risk Management ,
Stress Tests ,
Supervisory Guidance
On the latest episode of "The Standard Formula," host Rob Chaplin is joined by colleague Caroline Jaffer to continue the podcast’s world tour of prudential solvency regimes, this time focusing on the growing insurance sector...more
On the first episode of “The Practice Manual,” host Robert Chaplin is joined by colleagues Feargal Ryan, Caroline Jaffer and Theo Charalambous to examine life (re)insurance sidecars, including what they are, how they work and...more
On 29 April 2026, Gareth Truran, executive director of insurance supervision at the UK’s Prudential Regulation Authority (PRA), delivered a speech announcing the release of PRA Consultation Paper CP8/26 (CP), being an update...more
4/30/2026
/ Capital Requirements ,
Consultation Papers ,
Insurance Regulations ,
Pensions ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Reinsurance ,
Reinsurance Agreements ,
Risk Management ,
UK
Sheffield Wednesday, Bury, Macclesfield Town, Derby County, Wigan Athletic, Bolton Wanderers, Bury… again. These names represent just a handful of English football clubs that have entered one form of insolvency process or...more
4/23/2026
/ Commercial Bankruptcy ,
Corporate Governance ,
Football ,
Insolvency ,
License Applications ,
Licensing Rules ,
New Legislation ,
Prudential Regulation Authority (PRA) ,
Public Consultations ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
UK
On 31 March 2026, the International Association of Insurance Supervisors (IAIS) published its report on the second Targeted Jurisdictional Assessment (2025 TJA), evaluating the implementation of the holistic framework for the...more
4/22/2026
/ Crisis Management ,
Cross-Border Transactions ,
Disclosure Requirements ,
Financial Regulatory Reform ,
IAIS ,
Insurance Regulations ,
International Regulatory Standards ,
Liquidity ,
Liquidity Risk Management Rule ,
Recovery Plans ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Solvency II ,
Supervisory Guidance
This chapter of the Encyclopaedia of Prudential Solvency discusses the prudential solvency regime in South Korea. The insurance sector there stands as one of the most dynamic and sophisticated in Asia, ranking as the seventh...more
4/14/2026
/ Capital Requirements ,
Corporate Governance ,
Disclosure Requirements ,
Insurance Regulations ,
International Regulatory Standards ,
Prudential Standards ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
Reinsurance Agreements ,
Reporting Requirements ,
Risk Management ,
South Korea
On 19 March 2026, Lloyd’s of London (Lloyd’s/the Corporation) launched its 2026-30 strategy, setting out a pivot of priorities from platform transformation to an emphasis on financial performance and capital optimisation....more
4/14/2026
/ Artificial Intelligence ,
Business Strategies ,
Capital Markets ,
Capital Requirements ,
Corporate Culture ,
Corporate Governance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Innovation ,
Insurance Regulations ,
Key Performance Indicators (KPIs) ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management
On the latest episode of "The Standard Formula," host Rob Chaplin is joined by colleague Connor Williamson to provide a comprehensive overview of the prudential solvency regimes of Australia and New Zealand. During the...more
On 2 March 2026, the European Commission published a targeted consultation on private equity exits and the possible development of multilateral intermittent trading platforms for private company shares....more
3/10/2026
/ Alternative Trading System (ATS) ,
Capital Markets ,
Capital Markets Union ,
Capital Raising ,
Consultation Papers ,
Cross-Border Transactions ,
EU ,
European Commission ,
Exit Strategies ,
Institutional Investors ,
Investment ,
Investors ,
Private Equity ,
Private Equity Firms ,
Public Consultations ,
Regulatory Reform ,
Secondary Markets ,
Trading Platforms
On 24 February 2026, the UK Financial Conduct Authority (FCA) published its first Regulatory Priorities report for the UK insurance sector. With the introduction of this new annual publication, which replaces the numerous,...more
3/4/2026
/ Artificial Intelligence ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Innovation ,
Innovative Technology ,
Insurance Claims ,
Insurance Regulations ,
Insuretech Sector ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
India has enacted landmark reforms in its insurance sector through the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 (Amendment Act) and the Indian Insurance Companies (Foreign Investment) Amendment Rules,...more
2/25/2026
/ Corporate Governance ,
Enforcement Actions ,
Foreign Direct Investment ,
India ,
Insurance Regulations ,
Investment ,
New Legislation ,
Popular ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance Agreements ,
Reporting Requirements ,
Risk Management
On 17 February 2026, the Prudential Regulation Authority (PRA) published a consultation paper (CP2/26), “Reforms to Securitisation Requirements,” within which various updates to the UK’s securitisation framework have been...more
2/23/2026
/ Asset-Backed Securities ,
Capital Requirements Regulation (CRR) ,
Consultation Papers ,
Cross-Border Transactions ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Retention ,
Securitization ,
Securitization Market ,
Transparency ,
UK
On the newest episode of "The Standard Formula," host Rob Chaplin is joined by associate Chiara Iorizzo to discuss the prudential regime of South Korea, the seventh-largest market in the world. During the discussion, the pair...more
On 2 February 2026, EIOPA published its “Consultation Paper on the Supervisory Statement on the Authorisation and Ongoing Supervision of (Re-)insurance Undertakings Related to Private Equity”....more
2/19/2026
/ Acquisition Agreements ,
Corporate Governance ,
EIOPA ,
EU ,
European Supervisory Authorities (ESAs) ,
Insurance Regulations ,
National Competent Authorities (NCA) ,
New Guidance ,
Private Equity ,
Private Equity Firms ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Transparency
On 21 January 2026, the Bermuda Monetary Authority (BMA) released a consultation paper (Consultation Paper) proposing the introduction of a new category of special purpose insurance called the parametric special purpose...more
2/13/2026
/ Bermuda ,
Capital Requirements ,
Climate Change ,
Consultation Papers ,
Insurance Regulations ,
Natural Disasters ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Reinsurance Agreements ,
Risk Management ,
Special Purpose Entities ,
Special Purpose Vehicles
Global growth in insurance premiums has created a need for more capital in the sector — a need being answered by financial sponsors, sovereign wealth funds, family offices and investment managers....more
1/23/2026
/ Asset Management ,
Capital Markets ,
Captive Insurance Company ,
Family Offices ,
Financial Sponsors ,
Insurance Investment Products ,
Investment Funds ,
Investment Management ,
Investors ,
Private Equity ,
Reinsurance ,
Risk Management ,
Sovereign Wealth Funds
On 15 January 2026, the UK Prudential Regulation Authority (PRA) published its supervisory priorities for 2026, outlining in letters its sector-specific priorities for the coming year to all banks, building societies (a form...more
1/21/2026
/ Artificial Intelligence ,
Capital Requirements ,
Corporate Governance ,
Cybersecurity ,
Financial Regulatory Reform ,
Insurance Regulations ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Reinsurance Agreements ,
Risk Management ,
Stress Tests ,
UK
Clients and Friends, As the new year begins, we’re excited to share our 2026 Insights. This issue is packed with analysis and forward-looking commentary on some of the key topics we see shaping the global business landscape....more
1/20/2026
/ Acquisition Agreements ,
Artificial Intelligence ,
Capital Markets ,
Digital Assets ,
Emerging Technologies ,
Innovation ,
Life Sciences ,
Litigation Strategies ,
Merger Agreements ,
Regulatory Oversight ,
Securities Regulation ,
Tokenization