HM Treasury is conducting a comprehensive review of Solvency II, the EU-derived prudential regulatory framework for insurers and reinsurers operating in the UK. The review addresses capital requirements, risk transformation, captive insurance, and alignment with international standards including Basel 3.1 and IFRS 17, with draft amendment regulations and consultation on insurer resolution regimes currently in progress.
The government has published a consultation to support new risk transfer solutions in the insurance industry.
The government is consulting on the potential for a new approach to captive insurance companies, with the aim of supporting the competitiveness of the UK insurance sector.
The government is consulting on the potential for a new approach to captive insurance companies, with the aim of supporting the competitiveness of the UK insurance sector.
The government is consulting on the potential for a new approach to captive insurance companies, with the aim of supporting the competitiveness of the UK insurance sector.
This consultation paper sets out proposals to align the UK to international standards in insurer resolution, enhancing UK financial stability in the event of insurer failure.
Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government
This consultation paper sets out proposals to align the UK to international standards in insurer resolution, enhancing UK financial stability in the event of insurer failure.
Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government
HM Treasury is consulting on the legislative changes necessary to facilitate the PRA’s implementation of the final set of Basel reforms, introduced following the financial crisis, known as Basel 3.1.
This consultation paper sets out proposals to align the UK to international standards in insurer resolution, enhancing UK financial stability in the event of insurer failure.
Public consultation on HM Treasury proposals for the application of IFRS 17 Insurance Contracts across Central Government
HM Treasury is consulting on the legislative changes necessary to facilitate the PRA’s implementation of the final set of Basel reforms, introduced following the financial crisis, known as Basel 3.1.
The government seeks views on reforming the prudential regulation of the UK insurance sector.
The government seeks views on reforming the prudential regulation of the UK insurance sector.
We recommend that there should be a secondary objective for both the Financial Conduct Authority and the Prudential Regulation Authority to promote long-term economic growth. The wording will be crucial: pursuing international competitiveness in the short term is unlikely to …
The Treasury should continue to reject any calls for a growth and/or competitiveness objective to become a primary objective. This would increase any pressure on regulators to trade off competitiveness against resilience, and would undermine the regulators’ ability to deliver …
In their review of Solvency II, the Treasury and Prudential Regulation Authority (PRA) should aim to secure a robust insurance regulatory regime that adequately captures risk and incentivises investment in infrastructure and business, but one that is also appropriately tailored …
The Prudential Regulation Authority should consider where there is more that can be done to reduce the advantages from which large banks and insurers benefit through modelling their own capital requirements. The purpose of doing so would be not only …
The government seeks views on reforming the prudential regulation of the UK insurance sector.
The government is consulting on amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress in an orderly manner.
The government is publishing a summary of the responses to the call for input, its conclusions, and which measures will be explored further. The government welcomes further representations and engagement from industry.
The government is consulting on amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress in an orderly manner.
In response to: Solvency II Review: Call for Evidence
Government seeks views on reforming the prudential regulation of the UK insurance sector.
The government is consulting on amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress in an orderly manner.
The Treasury should, as part of its review of Solvency II, consider reforms that could improve the funding of sustainable green infrastructure while maintaining the financial stability of insurers. Type: conclusion | Number: 11 | Paragraph: 84 | Response status: …
A consultation to seek views on the transposition of BRRDII.
This consultation sought views on the UK’s approach to updating the UK’s Prudential Regime before the end of the Transition Period
We are concerned about the implications of the pandemic for insurance, given that businesses will need the confidence that insurance cover provides if they are to resume normal activities. (Paragraph 184) 58 Economic impact of coronavirus: the challenges of recovery …
The Treasury should consider whether Government intervention is required to support the insurance industry in finding a solution for pandemic insurance cover; and whether such support would be an effective use of public money. We also recommend that the Treasury …
This consultation sought views on the UK’s approach to updating the UK’s Prudential Regime before the end of the Transition Period
A consultation to seek views on the transposition of BRRDII.
This consultation sought views on the UK’s approach to updating the UK’s Prudential Regime before the end of the Transition Period
A consultation to seek views on the transposition of BRRDII.
In response to: Claims management regulation: consultation on secondary regulations
The government is seeking views on draft secondary regulations relating to claims management regulation.
Seeking views on the government’s proposed Mutuals’ Deferred Shares Regulations, which will allow mutual insurers to issue this new type of capital created by the Mutuals’ Deferred Shares Act 2015.
In response to: Creating a secondary market for annuities: secondary legislation
Technical consultation seeking views on draft secondary legislation for the secondary market in annuities.
The government is seeking views on draft secondary regulations relating to claims management regulation.
Seeking views on the government’s proposals for implementing the Insurance Distribution Directive (2016/97/EU).
The government is seeking views on draft secondary regulations relating to claims management regulation.
Seeking views on the government’s proposed regulatory and tax framework to enable Insurance Linked Securities business to take place in the UK.
Seeking views on the government’s proposals for implementing the Insurance Distribution Directive (2016/97/EU).
Seeking views on the government’s proposals for implementing the Insurance Distribution Directive (2016/97/EU).
This consultation seeks views on the transposition of the Markets in Financial Instruments Directive II.
Seeking views on the government’s proposed regulatory and tax framework to enable Insurance Linked Securities business to take place in the UK.
Seeking views on technical changes to the legal definition of life insurers’ distributable profits.
Seeking views on the government’s proposed regulatory and tax framework to enable Insurance Linked Securities business to take place in the UK.
Seeking views on technical changes to the legal definition of life insurers’ distributable profits.
Seeking views on changes that would clarify and strengthen the UK’s transposition of the Bank Recovery and Resolution Directive (BRRD).
HM Treasury seeks views on the legislative changes required for UCITS V (Undertakings for Collective Investments in Transferable Securities Directive).
Seeking views on technical changes to the legal definition of life insurers’ distributable profits.
Seeking views on the government’s proposed Mutuals’ Deferred Shares Regulations, which will allow mutual insurers to issue this new type of capital created by the Mutuals’ Deferred Shares Act 2015.
Seeking views on the government’s proposed Mutuals’ Deferred Shares Regulations, which will allow mutual insurers to issue this new type of capital created by the Mutuals’ Deferred Shares Act 2015.
Technical consultation seeking views on draft secondary legislation for the secondary market in annuities.
Technical consultation seeking views on draft secondary legislation for the secondary market in annuities.
Seeking views on changes that would clarify and strengthen the UK’s transposition of the Bank Recovery and Resolution Directive (BRRD).
HM Treasury seeks views on the legislative changes required for UCITS V (Undertakings for Collective Investments in Transferable Securities Directive).
Seeking views on changes that would clarify and strengthen the UK’s transposition of the Bank Recovery and Resolution Directive (BRRD).
HM Treasury seeks views on the legislative changes required for UCITS V (Undertakings for Collective Investments in Transferable Securities Directive).
This consultation seeks views on the transposition of the Markets in Financial Instruments Directive II.
This consultation seeks views on the transposition of the Markets in Financial Instruments Directive II.