Solvency II: reinsurance counterparty credit risk

First published on 25 November 2016

Overview

This supervisory statement (SS) is addressed to all UK firms that fall within the scope of Solvency II, and to Lloyd’s. It sets out the Prudential Regulation Authority’s (PRA’s) expectations of firms with respect to general issues regarding reinsurance and the management of reinsurance counterparty credit risk.

This statement should be read in conjunction with the PRA’s rules in the Solvency II Sector of the PRA Rulebook, and the PRA’s approach to insurance supervision document.

Current version

Published on 23 May 2024. Effective from 23 May 2024.

• Supervisory statement 20/16 – May 2024 (PDF)
•  - Following PS8/24 – The PRA’s approach to the authorisation and supervision of insurance branches

Future version

Published on 15 November 2024. Effective from 31 December 2024.

• Supervisory statement 20/16 - November 2024 (PDF)
•  - Following PS15/24 – Review of Solvency II: Restatement of Assimilated Law

Past version

Published on 25 November 2016. Effective from 25 November 2016 (superseded on 23 May 2024 by May 2024 version).

• Supervisory statement 20/16 – November 2016 (PDF)
•  - Following PS33/16 – Solvency II: consolidation of Directors’ letters

First publication of SS.