The Bank of England, Prudential Regulation Authority: The PRA's approach to insurance supervision

The Prudential Regulation Authority (PRA), as part of the Bank of England, will become the United Kingdom's prudential regulator for deposit-takers, insurance companies and investment firms in 2013.

This paper sets out how the PRA will carry out its role in respect of insurers. It is designed to help regulated firms and the market understand how the PRA will supervise these institutions, and to aid accountability to the public and Parliament.