Specific priorities for 2018 I will turn now to specific priorities for insurance supervision for 2018. The following areas will feature in our priorities for next year: i) Core supervisory activity: As referred to earlier, my number one priority is to ensure that my teams deliver an effective, intrusive, analytical and outcomes-focused approach to supervision.
This involves our day to day supervisory team engagement with regulated firms, inspections and analysis – the three core functions of prudential supervision. We will follow and continue to enhance the PRISM framework with an emphasis on the core insurance risks including Pricing, Underwriting, Investment, Reserving and Governance.