Webinar - Ahead of the Curve: Solvency UK and the new UK insurance distribution framework
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The UK’s review of the EU’s Solvency II Directive is part of the first tranche of the smarter regulatory framework.
The changes proposed are designed to simplify the regime, adapt it more to the UK market, support new entrants, and help insurers invest more in productive finance. Indeed, the Treasury asserts that the reforms could unlock over GBP100 billion of private investment for productive assets.
In parallel, the government is also repealing the EU’s Insurance Mediation Directive and Insurance Distribution Directive, enabling the FCA to determine the most appropriate way to regulate this policy area.
This session considered both of these areas of reform and discussed where potential impacts lie.