We are writing to outline the Prudential Regulation Authority’s (PRA) 2026 priorities for our supervision of the UK insurance sector (‘firms’). We supervise a large and diverse population of insurance firms, and the priorities set out in this letter are not exhaustive. These thematic priorities complement the firm-specific feedback that you will have received following your most recent Periodic Summary Meeting (PSM).
Our priorities are set to help us meet our enduring supervisory aim for the insurance sector to provide financial protection and security to policyholders in good times and bad, in line with our primary objectives. Several of the priorities in this letter are consistent with those highlighted last year, reflecting a continuation of many of the trends in the market.