CP22/25 – UK Solvency II reporting and disclosure: Post-implementation amendments
Executive Summary
CP22/25 is a consultation paper on post-implementation amendments to UK Solvency II reporting and disclosure requirements, published by the PRA on 4 December 2025. The consultation addresses feedback and queries from insurance firms following the substantial reduction in reporting templates implemented at the end of 2024, clarifying expectations for compliance with the revised Reporting Part of the PRA Rulebook across multiple technical areas including accident/underwriting year reporting, annuity reporting by currency, and internal model governance disclosures.
What Changed
The consultation introduces clarifications and amendments to Solvency II reporting requirements in several critical areas: Reporting Framework Modifications - Accident or underwriting year reporting: The PRA sets expectations for how firms should apply options within the Reporting Part of the PRA Rulebook regarding temporal classification of claims. - Annuity reporting by currency: Specific guidance on reporting annuities stemming from non-life obligations disaggregated by currency. - RBNS claims development: Clarification on reporting of reported but not settled (RBNS) claims and their development patterns. Internal Model Requirements - Firms using partial or full internal models for Solvency Capital Requirement (SCR) calculation must describe governance information including responsibl
What You Need To Do
- *Immediate Actions (January-February 2026)
- *Review consultation paper
- *Assess applicability
- *Identify gaps
- *Engage supervisory contacts
- *Medium-term Actions (February-June 2026)
Key Dates
Compliance Impact
Urgency Rating: HIGH
Who is Affected
Summary
Consultation paper