Insurance companies published their first solo Solvency and Financial Condition Reports (SFCR) under Solvency II for the first time on 20 May 2017. We have looked at the SFCRs of 69 UK companies, a total of over 5000 pages and there appears to be further opportunities for insurers to optimise capital and potential return capital to shareholders.
While we recognise the regulatory burden many have complained about, we learnt something very interesting from looking at the big picture data.
Partner, PwC United Kingdom
Tel: +44 (0)7702 677 654
Director, PwC United Kingdom
Tel: +44 (0)20 7804 2065