Prudential Regulation Conference: Can Prudence Power Competitiveness?

In part, the UK insurance regime has made important steps to become more explicitly pro‑business and internationally competitive. Matching Adjustment reforms have introduced greater investment flexibility than in the EU and other jurisdictions. The PRA is engaging earlier and more continuously with firms. Plans for a UK captives regime signal a bid to attract new business models and global capital. And there is growing interest in developing alternative capital options for the life sector.

At the same time, the UK is pushing ahead with some of the most ambitious prudential and operational resilience expectations globally. The solvent exit planning regime, in force since June 2026, is a world first. The publication of firm‑level life stress test results has set a new benchmark for transparency. DyGIST’s live phase is bringing general insurance stress testing closer to real‑world execution, underlining the PRA’s view that operational resilience is now inseparable from prudential soundness. Proposals on funded reinsurance also point to a distinctly UK approach to managing emerging risks.

The result is a regime that is both more open and more demanding.

With live debates on private market exposures, concerns over optimistic underwriting assumptions in GI internal models, and open questions about how regulation should respond to risks such as Frontier AI and quantum technologies, the central challenge is coming into sharper focus:

Can the UK combine competitiveness, resilience and regulatory ambition in a way that reinforces - rather than constrains - its global position?

Join leading voices, including Gareth Truran, Executive Director of Insurance Supervision at the PRA, as we explore whether prudence can truly power competitiveness - and what that means for the future of UK insurance.

This event offers a unique opportunity to engage directly with senior regulators, industry leaders and technical experts as they examine whether the UK regulatory ambitions can result in a competitive advantage for the industry.

Delegates will:

• Gain insight into how the PRA, HM Treasury and industry are approaching the relationship between competitiveness, resilience and growth.
• Explore key prudential developments including funded reinsurance, alternative life capital, stress testing, operational resilience and the evolution of the UK prudential framework.
• Understand how recent reforms, including Matching Adjustment changes, the new solvent exit planning regime and developments in capital markets, are reshaping the UK insurance landscape.
• Examine emerging risks and regulatory challenges, including private market exposures, Frontier AI, and quantum technologies.
• Engage in interactive Q&A sessions and discussions with senior policymakers, regulators and industry leaders shaping the future of UK insurance regulation.
• Network with peers across the insurance, regulatory and consultancy sectors.
• Take advantage of up to 3 hours of CPD with this CII accredited event.

• Identify key regulatory priorities affecting UK insurers, including funded reinsurance, stress testing, operational resilience, alternative capital and prudential supervision.
• Explain how recent UK reforms, including stress testing, the solvent exit planning regime, liquidity reporting and funded reinsurance proposals are influencing firms' strategies and the UK's competitive position.
• Understand the PRA's evolving approach to resilience, transparency and emerging risks, including private market investments, AI and technological innovation.
• Assess the opportunities and challenges arising from the UK's distinctive prudential framework compared with other international jurisdictions.
• Evaluate how firms can balance competitiveness, growth and resilience in a changing regulatory environment.
• Apply practical insights from senior regulators and market participants to inform their firm's risk, capital, compliance and regulatory strategies.