New finance secretary to speak at ABI Solvency II conference

On October 31, Insurers, politicians and regulators from the UK will debate on one of the biggest changes facing the industry, at ABI’s Solvency II conference.

The new financial secretary to the Treasury, Sajid Javid, will be one of the main speakers, along with the group chief executive at Friends Life, Andy Briggs, the chief risk officer at Standard Life, Raj Singh and the head of policy at EIOPA, Justin Wray.

The main issues that will be debated, include EIOPA’s recently released guidelines in preparation for Solvency II, how it will lead to greater disclosure of information about business operations and what this means for the industry.

They will also look at the features to be included in the directive and the international developments that have been made on insurance capital standards.

ABI’s director general, Otto Thoresen, said: “Solvency II represents the largest change to insurance regulation in a generation. Its potential impact cannot be under-estimated.”

The ‘Looking to the future’ conference will be held at the Grange Tower Bridge Hotel in London.