Video transcript: Hatty Sharp on Capital relief

Transcript

The drivers for non-life run off transactions have been through a notable period of transition in recent years. Five years ago respondents to our survey considered the top two motivating factors to be achieving finality and the removal of underperforming business. When asked to consider these factors in November 2023 the majority of respondents selected capital relief. Looking forward five years, our respondents anticipate that strategic restructuring will become a key motivator alongside a continued drive for capital relief.

PwC’s newly created Capital Relief Calculator can help with increased insurance capital optimisation, agility and efficiency. To find out more, please reach out to me or a member of the team. The changes in perception of the run-off market as a last resort, to a strategic tool and reliable solution for freeing up capital from legacy reserves, is now clearly evident.