07 Dec 2015
Solvency II internal model approved by the Prudential Regulation Authority
Prudential plc (“Prudential”) is pleased to announce that it has received approval from the Prudential Regulation Authority (PRA) for the use of its internal model to calculate the Group Solvency Capital Requirement under the European Union’s Solvency II Directive, which is scheduled to come into effect on 1 January, 2016.
Prudential will provide a detailed update on its Solvency II position at its investor conference on Tuesday, 19 January, 2016.
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About Prudential plc
Prudential plc is incorporated in England and Wales, and its affiliated companies constitute one of the world's leading financial service groups serving around 25 million customers and have £505 billion of assets under management (as at 30 June 2015). Prudential is listed on the stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial Inc., a company whose principal place of business is in the United States of America.
Forward Looking Statements
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