trending Market Intelligence /marketintelligence/en/news-insights/trending/m4h0jif40kaskbtplmfsuw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

ABI likely to push for Solvency II changes

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

Outdoor/Out-Of-Home Ad Revenue Projections: Digital To Drive Growth

Asia And Europe Continue To Dominate The UHD Scene

S&P Global Market Intelligence

Cannabis Hashing Out a Budding Industry


ABI likely to push for Solvency II changes

The Association of British Insurers on Sept. 30 signaledthat it will lobby for changes to the Solvency II rules following the Brexitvote, calling for a regulatory environment that is "appropriate" forthe U.K. market.

"As the largest sector in Europe, it is not feasible tobe in a position where we have no say on how we are regulated," Huw Evans,director general of ABI, said in a statement. "In particular, with thefuture development of Solvency II and the UK prudential regime up for debate wehave to ensure the [U.K. Prudential Regulation Authority] has the opportunityto play a full part in its ongoing implementation, especially on critical areassuch as the risk margin."

Evans told the FinancialTimes that there is room to improve the Solvency II regime in the U.K.,while noting that amendments could also be made to the reporting requirementsof the PRA. However, Evans reportedly said that a complete revamp of SolvencyII was not required.

The association also called for retaining passporting rightspost-Brexit, among other points that it raised with the government.

The U.K. Treasury Select Committee recently launched aninquiry into SolvencyII to explore the impact of the regulatory regime on British insurers and theoptions now available to the U.K. following its decision to leave the EU.