The implementation phase of SAM is imminent as the first insurers have to report their SAM numbers as part of the Light Parallel Run by the end of August 2014. The main objective of the parallel runs is to support the transition and implementation of the new SAM regime in to a business-as-usual environment for both the FSB and insurers.
The FSB has released the draft Light Parallel Run technical specifications and reporting templates on 4 June 2014, which was followed by industry workshops on the requirements. The final technical specifications are expected to be released by mid June 2014.
In this SAM Focus we discuss the requirements and implications of the Light Parallel Run. If you wish to discuss this document in more detail, please contact your usual PwC contact or those listed at the end of the document.
|Previous versions of SAM Focus:
Other SAM brochures