Review of Solvency II: Reform of the Matching Adjustment

The much-anticipated second PRA consultation paper which sets out proposed changes to the Matching Adjustment (“MA”) framework was published on 28 September 2023. This second consultation paper proposes a number of reforms aiming to enable broader and quicker investment by insurers in their MA portfolios, while improving responsiveness to risk and enhancing firms’ responsibility for risk management.

In this newsflash, we discuss the key changes being proposed and their potential impact on insurers.

To learn more about these changes download our newsflash below.

Click here to read our full newsflash

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