Covid-19: PRA warns of potential "significant impact" on insurers from BI dispute

Warning sign against cloud backdrop

The Prudential Regulation Authority (PRA) has urged insurers to closely monitor the additional risks presented by Covid-19, following its Insurance Stress Test 2019.

In a Dear CEO letter to the industry, the PRA warned that while the insurance sector was mainly resilient, the level of uncertainty is high and “some more severe scenarios could have a significant impact on the capital positions of firms”.

Executive directors and co-leaders of the PRA’s insurance directorate, Charlotte Gerken and

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