The Prudential Regulation Authority ("PRA") has announced its intention to conduct a Dynamic Stress Test for General Insurers ("DyGIST") in May 2026, following a deferral from the originally planned date in May 2025. This exercise is designed to assess the industry's ability to manage crises by simulating significant events and requiring insurers to respond promptly to PRA requests, as they would in a real crisis.
In this publication, we explore the objectives of DyGIST and provide insights into how insurers can prepare for this exercise.
Understanding the core elements of DyGIST and effectively preparing for the exercise will not only ensure smooth running of the exercise but also enhance the firm's crisis management capabilities, ensuring resilience in the event of a real-life crisis. So, how can insurers get the most out of DyGIST?
DyGIST – Are you prepared for a crisis?
Explore how insurers can get the most out of DyGIST
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