The Rationale for the Prudential Regulation and Supervision of Insurers

7 Pages Posted: 18 Sep 2013

Date Written: September 17, 2013

Abstract

The financial crisis has necessitated a re-examination of the level, nature and distribution of risk across the financial system, including insurance companies. In April 2013, the Prudential Regulation Authority, as part of the Bank of England, became responsible for the prudential regulation and supervision of insurers. But the degree to which a common understanding has been reached on how insurers might affect financial stability is lower than, for example, the analogous discussion for banks. In a Workshop hosted by the Bank in July 2013, the risks posed by insurers for both insurance policyholders and financial stability were discussed, together with what this might mean for how insurers should be regulated and supervised.

Suggested Citation

Debbage, Simon and Dickinson, Stephen, The Rationale for the Prudential Regulation and Supervision of Insurers (September 17, 2013). Bank of England Quarterly Bulletin 2013 Q3, Available at SSRN: https://ssrn.com/abstract=2327460

Simon Debbage

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Stephen Dickinson (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

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