Draft public disclosure standard for insurers

The Prudential Authority (PA) published in July the draft Prudential Standard on public disclosures for insurers (PDI) and related guidance notice (GN) for public comment. This briefing note provides a brief background to the PDI and our initial thoughts on the latest draft, including the following:

• Consideration of Solvency II developments
• Balancing different stakeholder needs
• Audit and review requirements not clear
• Further considerations on availability and format