UK regulator updates industry on matching adjustment
UK insurers are still unclear about the details of applying the Solvency II matching adjustment even after feedback from the PRA's trial run of submissions
Experts say the mountain of documentation required to evidence that insurers' Solvency II matching adjustment (MA) proposals comply with the European directive is overloading firms, while little has been done to clarify outstanding questions relating to the application of the adjustment itself.
In part to address these concerns, the UK Prudential Regulation Authority (PRA) held an industry-only conference last week. Ahead of the meeting, the regulator also published feedback from its recent
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