A framework for assessing financial impacts of physical climate change: A practitioner’s aide for the general insurance sector 22 May 2019 With a foreword from David Rule (Executive Director of Insurance Supervision and sponsor of the working group), one-page executive summary, and short introduction, this report has been written by a cross-industry working group to outline a framework for practitioners in the general insurance sector to use to assess the financial impacts of physical climate change. Read more Also published today: Solvency II: Maintenance of the transitional measure on technical provisions - CP11/19 This consultation paper (CP) sets out the Prudential Regulation Authority’s (PRA) proposals to update Supervisory Statement SS6/16 ‘Maintenance of the ‘transitional measure on technical provisions’ under Solvency II’. The proposals are aimed at: providing additional guidance for firms proposing to use a proportionate approach to the transitional measure on technical provisions (TMTP) recalculation methodology; and providing further clarity on the consistency of Solvency I and Solvency II methodologies.  The CP is relevant to: UK insurance and reinsurance firms within the scope of Solvency II that have been granted approval to use the TMTP; the Society of Lloyds; and firms that are considering applying to use this transitional measure. Read more