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For general insurers, the PRA is coordinating some of the scenarios with the Bermuda Monetary Authority.
In addition, the stress test includes an exploratory exercise in relation to cyber underwriting and climate change. The set of climate scenarios explores the impacts to both firms' liabilities and investments stemming from physical and transition risks.
The PRA will publish a summary of the overall results but no individual firm results will be made public.
Insurers that have not been asked to participate in the stress test may find the materials useful to inform their own stress testing exercises.
The deadline for submission is as follows: