The PRA’s approach to supervising insurers
20 March 2017

London Business School invites you to join us for this event hosted in collaboration with the Bank of England and supported by the AQR Asset Management Institute.

We are pleased to welcome Sam Woods, Deputy Governor of the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA) who will be giving a speech on the PRA’s approach to supervising insurance companies.

Monday 20 March 2017

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10:15 Registration
11:00 Speech followed by Q&A
12:00 Lunch and close

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Vijaya Govindan,
Executive Director, AQR
Asset Management Institute

Keynote Speaker  

Sam Woods
Deputy Governor of the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA)


Sir Andrew Likierman
Dean and Professor of Management Practice in Accounting, London Business School

Richard Portes CBE FBA
Professor of Economics and Academic Director of the AQR Asset Management Institute, London Business School

The UK has the largest insurance industry in Europe, providing a wide range of vital services to the real economy and wider society. For example, some of the oldest and most vulnerable have invested their life savings into long-term annuity contracts. By pooling and transferring many kinds of risk, from cyber to marine, general insurers provide essential cover for economic activity. And with £1.9 trillion invested in assets including infrastructure, insurers play an important role in promoting growth and employment.

Following the financial crisis, the PRA was established in 2013 with an objective specific to insurance – to contribute to the protection of policyholders – alongside its general objective to promote the safety and soundness of all PRA-regulated firms. In the meantime it has implemented Solvency II, a wide-ranging EU directive which is currently being examined by the Treasury Committee.

The speech will explore the PRA’s approach to supervising insurance companies and coincide with the publication of a report from the Bank’s Independent Evaluation Office on the PRA’s approach to its insurance objective, focusing on how it is interpreted, implemented and communicated.

The event is open to all. We welcome policyholders, insurers, regulators, industry bodies, companies, students and academics to the discussion.

Register your interest in attending the event by 5pm on Wednesday 15 March. Please note that limited spaces are available and an email confirmation of your place will follow.

We look forward to your participation.

London Business School

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