SS8/15 - Solvency II: composites

This supervisory statement sets out the Prudential Regulation Authority’s (PRA’s) approach to implementing the Solvency II Directive requirements that are specific to composite firms. It should be read alongside the Composites Part of the PRA Rulebook, and is addressed to UK Solvency II firms and to Lloyd’s.

• pursuit of life and non-life insurance activity; and
• separation of life and non-life insurance management.

Supervisory Statement 8/15 

Future version

Published on 15 November 2024. Effective from 31 December 2024.

• Supervisory statement 8/15 – November 2024 (pdf)

- Following PS15/24 – Review of Solvency II: Restatement of assimilated law