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Run Off and Undertakings in Difficulty

Policies relating to Run Off and undertakings in difficulty for all insurance firms.

PRA Rules and Modifications by Consent

For UK Solvency II firms

Undertakings in difficulty Opens in a new window
Group Supervision, Chapter 4 Opens in a new window
Insurance Senior Management Functions, Head of Small Run-Off firm (Chapter 6A Opens in a new window)
Insolvent insurers (modification by consent)

For UK Solvency II firms and Third country branches

Run-Off Operations Opens in a new window

For Non-Solvency II firms

Non-Solvency II Firms - Run-off Firms Opens in a new window

For Supervised Run-Off firms

Insurance - Supervised Run-Off Opens in a new window

Supervisory Statements

For UK Solvency II firms

Solvency II: supervision of firms in difficulty or run-off (SS7/15 Opens in a new window)
Capital extractions by run-off firms within the general insurance sector (SS4/14 Opens in a new window)

The Prudential Regulation Authority's approach to schemes of arrangement proposed by PRA-authorised insurers under Part 26 of the Companies Act 2006 (SS3/14 Opens in a new window)
Corporate Governance: Board responsibilities (SS5/16 Opens in a new window)

Statement of policy

For all insurance firms with a P4A permission

Dealing with insurers in financial difficulties (statement of policy Opens in a new window)

For UK Solvency II firms

Solvency II: the PRA's approach to the permissible recovery period for insurers to restore full cover for their SCR Opens in a new window

This page was last updated 10 January 2025