Time for change? We're here to help.
Singapore - The MAS published Business Continuity Management guidelines in June of 2022. Now, financial institutions including Insurer and Reinsurers, Registered insurance brokers and Lloyd's brokers all have until June 2023 to establish a BCM framework and audit plan.
UK - Operational Resilience - The PRA & FCA Operational Resilience deadline was the 31st of March 2022. The regulatory transition period now runs from April 2022-2025. Lloyd's insurers must continue to meet all regulatory requirements, implement any changes identified and stay within their impact tolerances. Activity may be higher in the shorter vs the medium term, skills required are varied and firms may have limited resources to deliver internally.
That's where the Sea Change managed transition service can help.
We are experts in our field, already working with other Lloyd's Managing Agents. Our flexible service can be tailored to your firms' needs.
Contact us to find out more: