DATE (2026)
DETAILS
During 2026
Digital Markets, Competition and Consumers Act 2024: It is expected that the FCA will consult on changes to the FCA Handbook to reflect the Act.*
During 2026
Sales processes: FCA is carrying out an analysis on how different sales processes affect customer outcomes.* And it is working with industry and consumer groups to improve consumer understanding of their insurance cover. Work started in Q1 2026 and the FCA is expected to publish findings later in the year.**
During 2026
Claims handling – Value measures: FCA is undertaking a review of the value measures rules and will make changes as required. Review has started and will conclude in Q4 2026.**
During 2026
Retail insurance services to consumers: The FCA is expected to continue supervisory work during 2026 to identify indicators of poor outcomes and how firms treat consumers in vulnerable circumstances.**
During 2026
Artificial Intelligence review: The FCA is expected to engage with industry on the uses, risks and opportunities of AI in insurance.**
During 2026
Focused product review – Cyber insurance: FCA is undertaking a review into cyber insurance to improve understanding of the risks, opportunities, and barriers to purchase. Work started and will conclude later in 2026.**
During 2026
Simplification of rules: Building on PS25/21, the FCA will continue its insurance‑rule simplification programme during 2026. This includes work linked to existing and forthcoming consultations, targeted changes arising from its review of Consumer Duty requirements, and further measures to simplify insurance rules and reduce unnecessary reporting and notification requirements. Relevant detail is set out in PS25/21 and associated consultations, including CP25/36 and CP25/37.**
During 2026
Friendly Societies: The Law Commission is due to publish its final recommendations following its review of the friendly societies legal framework in 2026.
During 2026
Third country branches: Following CP20/25, the PRA will publish a policy statement and final rules to address identified inconsistencies across various areas of reforms, streamline the policy framework, clarify expectations for branches, and increase the indicative subsidiarisation threshold for branches (which will come into effect upon publication of the policy statement). Remaining updates will come into effect at year end 2026.
During 2026
Mutual insurers: Following the publication of the joint FCA and PRA mutuals landscape report in December 2025, the PRA will publish guidance on the consolidation process (Part VIII transfers), the FCA will start work on legacy issues in the life and pensions market with a view to reducing regulatory burdens. The government is due to publish a Command Paper setting out its policy and strategy to support the sector.
During 2026
Risk Transformation Regulations: On 15 July 2025, the government published a consultation paper on Changes to the Risk Transformation Regulations. The consultation closed on 8 October 2025. On 29 April 2026, the government published its response to feedback to the consultation. The government will take forward legislation to implement the changes as soon as Parliamentary time allows.
During 2026
Alternative Life Capital: following the end of the period for responses to the PRA’s discussion paper, it is expected that the PRA will continue to develop policy as a priority in 2026.
During 2026
Cyber risks in the insurance sector: HMT and the PRA are expected to consult on policy relating to the management of information and Communication Technology (ICT) and cyber risks. A consultation paper is expected in 2026.
During 2026
FSCS general insurance limit review: the PRA is considering the responses to the discussion paper published in 2023.
May
General insurance stress test (DyGIST): PRA to launch the test. The exercise will take place over a three week period.
30 June
Solvent exits: Rules on preparation for a solvent exit come into force.
Q2
Consumer Duty: FCA policy statement due following consultation on clarification of rules and guidance (CP25/37).
Q2
Sales processes: FCA to start its review of how travel and home insurance firms are acting to improve consumers’ understanding of their cover, and share best practice with industry.*
Q2
Claims handling – Oversight review: FCA oversight review of outsourcers and delegated authority models with an aim to report their findings in early 2027.**
Q2
Disapplying the Consumer Duty to non-UK consumers: FCA to publish consultation and review of the international scope of ICOBS and PROD 4. Consult in the first half of 2026.**
Q2/3
Captive insurance: PRA/FCA expected to consult on new rules for a new captives regime – implementation expected in mid-2027.
Q2/3
Claims handling: the FCA will amend the scope of its planned outsourcing oversight work to include different delegated models and remuneration arrangements. It will also carry out an analysis of claims services quality to focus on home and travel insurance.*
H1
Consumer Duty: The FCA expects to consult in H1 2026 on targeted changes clarifying the scope and application of the Consumer Duty, including how it applies across distribution chains and whether existing exemptions remain appropriate. This work forms part of the FCA’s wider Consumer Duty Requirements Review, alongside the ongoing withdrawal of historic non‑Handbook material and earlier supervisory clarifications.
H1
Simplifying FCA insurance rules: FCA is expected to publish an update on its simplification work following the consumer duty requirements review.
10 July
SM&CR: Improvements to regulatory reporting and processes apply from this date.
31 July
Funded Re: deadline for responses to the PRA’s consultation (CP8/26) on proposals for the regulatory treatment of the use of Funded Re.
Mid 2026
Climate-related risks: new requirements on managing climate-related risks came into effect on 3 December 2025 and insurers have 6 months in which to transition to the updated expectations.
Q3
GI value measures post-implementation review by FCA: Publication of results of the review due.
Q3
Pure protection products: FCA due to publish a report of its final findings, summary of feedback to tits interim report and next steps.
Q3
Future of insurance products: FCA wants to start a conversation with industry on the future of insurance products and how they can help to reduce barriers.**
Q4
LIST 2028: PRA intends to provide details of its plans for the next life insurance stress test to be conducted in 2028. This will include information about which firms are likely to be in scope and indicate any changes to the scope of methodology of the exercise.
30 September
Liquidity reporting: implementation of the liquidity reporting reforms for insurers.
December
General insurance stress test (DyGIST): aggregate industry level results due to be published.
31 December
Third country branches: remaining policy and reporting changes for third country branches come into effect.
31 December
Solvency II reporting and disclosure: Changes to take effect for year end 2026 reporting requirements.
