This report reviews regulatory updates in May for life insurance companies. We note items published by the European Supervisor Authorities (ESAs), European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA). 

Details include: 

• ESAs publish an interactive fact sheet to help consumers understand how inflation and interest rates can affect their finances.
• EIOPA publishes a Q&A on regulation and its Risk Dashboard for 4Q Solvency II data. 
• The FCA publishes a warning on the Consumer Duty deadline.
• PRA sets its business plan for 2023-2024 and publishes CP 9/23.