The PRA has launched its second and final request for technical input concerning the Insurance Stress Test (IST) 2022.
The regulator will be conducting an IST for the largest regulated life and general insurers from May 2022, and this latest request includes updated scenarios together with the scenario calibration, specifications, and guidance; quantitative data templates; and a ‘Results and basis of preparation’ (RBP) report.
Feedback on any aspects of the stress test from firms and other industry participants is sought by 17 March 2022. Comments can be sent to IST.2022@bankofengland.co.uk.