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ABI responds to PRA letter on General Insurance Stress Test 2015

The results of the PRA's General Insurance Stress Test 2015 have been made public in a letter today.

Commenting on the feedback, Steven Findlay, ABI Assistant Director for Prudential Regulation comments:

Steven Findlay"The PRA’s positive feedback on the 2015 general insurance stress tests demonstrates the strength of the UK industry, and that firms are well-positioned to withstand extreme scenarios due to their diverse range of portfolios and risks.

"The ABI and its members are committed to continue working with the PRA to ensure policyholders are well protected from risks. For instance, by working towards a common terminology and framework for the assessment of risk exposure across industry."

Last updated 01/07/2016