Charlotte Gerken

Vice Chair, IAIS Executive Committee
Executive Director, Bank of England, United Kingdom

Charlotte Gerken is Vice Chair of the IAIS and was the Bank of England’s Executive Director for Insurance Supervision in the PRA from January 2020 – April 2024. She was responsible for the supervision of over 500 life and general insurers operating in the UK and worked with policy, supervision and actuarial colleagues on the review of Solvency II. She has recently taken up the position of Executive Director for UK Deposit Takers Supervision. Charlotte also chairs the PRA’s principal executive committee for prudential decisions on banking and insurance supervision, policy and risk issues.

Prior to her promotion to Executive Director, Charlotte’s previous roles included serving as Director for insurance and cross-sector policy in the Bank’s Prudential Policy Directorate. In this role she was responsible for developing guidance on UK-specific implementation of Solvency II regulation for insurers; and for policy that affects both banks and insurers. These areas included accounting and the capital framework; governance and individual accountability; developing the PRA’s approach to operational resilience; and reporting and disclosure.

From 2012-18 Charlotte led risk specialist functions, with responsibility for the delivery of analysis of the annual concurrent stress test of the UK banking systems, and development of the Bank’s stress testing approach. Previously, Charlotte undertook a number of supervisory roles for banks, investment banks and insurers, and spent her early career focussing on credit risk in commercial banking.