The PRA has announced a list of 19 insurers in the UK whose Solvency II full or partial internal models were approved ahead of the implementation of Solvency II on 1 January 2016. Whilst the approvals take effect from the implementation date, the PRA has noted that it will monitor the use of internal models going forward to ensure they remain appropriate. Rejections or withdrawals of internal model applications have not been disclosed.

A link to the list of insurers who received approval is here.