This edition of the South African Insurance Update has a heavy regulatory flavour, covering topical issues such as treatment of vulnerable consumers, climate risk, and current and coming solvency changes. We discuss items including: 

• Consumer vulnerability and future conduct regulations
• Leveraging climate risk management learnings from the UK
• Leveraging large language models in insurance
• Prudential Authority looking for industry to step up on critical quality steps
• Catastrophe calibrations - European Insurance and Occupational Pensions Authority looking at new scenarios