Solvent exit planning – what insurers need to know  S7E9

About this episode

This episode discusses the implications of the PRA’s PS20/24 rules on solvent exit planning for UK insurers and explores practical challenges and strategies for effective implementation.

With the PRA’s PS20/24 rules requiring UK insurers to complete their first Solvent Exit Analysis by June 2026, this episode breaks down what solvent exit planning means in practice. Guest host and PwC Director Pete Thomas speaks with Directors Sarah Watson and James Cameron, and PwC’s Global Insurance Regulatory Leader Carlos Montalvo to explore: how the new regime fits within the UK’s evolving recovery and resolution framework; the international context; and lessons from real cases of insurer stress and failure. Our expert guests discuss how firms can leverage existing ORSA, wind-down and resilience work; and how to overcome practical challenges around triggers, data, and operational readiness. We also unpack how effective solvent exit planning can unlock capital, sharpen decision-making under stress, and strengthen overall resilience. Please contact peter.m.thomas@pwc.com if you’d like to discuss any of the issues covered. To hear more from us on financial services risk & regulation, you can access all our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html .

People in this episode

Guests: Sarah Watson, James Cameron, Carlos Montalvo

Topics covered

• solvent exit planning
• insurance regulation
• UK recovery and resolution framework
• insurer stress and failure
• operational readiness

Keywords

• PRA
• Solvent Exit Analysis
• ORSA
• capital unlocking
• decision-making under stress

Mentioned in this episode

Places: UK

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