PRA has announced a change in approach for its 2025 insurance stress tests. The objectives of the exercise will, as ever, be to assess solvency, liquidity and risk management against specific adverse scenarios, but in 2025 it will involve simulating a sequential set of adverse events over a short time. PRA will be engaging with the industry on its plans with a view to releasing more details during Q1 2024.
Published date: 4 October 2023
