Life firms irked by patchy matching adjustment approvals
UK regulator could have been more clear about success of bolder submissions, say advisers
Now the dust has settled on the first Solvency II matching adjustment (MA) applications in the UK, some insurers have been left thinking they could have secured a better deal.
Banks, consultants and lawyers speaking to Risk.net say they have seen insurers apply a mishmash of different solutions to common MA problems – some safe, some bold. To the surprise of many in the industry, the bolder approaches have in many cases won the approval of the Prudential Regulation Authority (PRA) leading
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