Analysis

Brexit unlocks opportunities for solvency II reform

By David Blackman 2021-03-17T12:33:00

reform

Industry commentators believe there is ‘room for improvement’ around the solvency II regulations as Brexit heralds an opportunity to shape the rules to better suit UK businesses

Now that insurers have put the mechanisms in place to comply with the solvency II regime, they are reluctant to scrap it.

That is the key message to emerge from feedback to the Treasury’s recently concluded call for evidence about how to reform the UK’s system of prudential insurance regulation post-Brexit.

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