Solvency and Financial Condition Report
Solvency II regulatory reporting was implemented from 1 January 2016 and all European insurers (including Royal London) are now formally required to report on this basis. Publishing a Solvency and Financial Condition Report (SFCR) is a regulatory requirement and the year ended 31 December 2016 is the first reporting period since the new Solvency II rules came into effect.
In addition to fulfilling our regulatory requirements, we also believe that the information in this SFCR will be of interest to Royal London’s members and stakeholders. The SFCR provides insight on our solvency position based on Solvency II regulations and provides more information about our strong and stable capital position, the governance processes we have in place to mitigate risks and our effective capital management strategies.
The Royal London Mutual Insurance Society Ltd (RLMIS) SFCR is available to download in PDF format.