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.
SS8/15 explains requirements regarding the following topics:
- pursuit of life and non-life insurance activity; and
- separation of life and non-life insurance management.
Supervisory Statement 8/15