Solvency II is the regime that governs the prudential regulation of insurance firms in the UK. This call for evidence is the first stage of the review of Solvency II.
The review is underpinned by three objectives:
to spur a vibrant, innovative, and internationally competitive insurance sector
to protect policyholders and ensure the safety and soundness of firms
to support insurance firms to provide long-term capital to support growth, including investment in infrastructure, venture capital and growth equity, and other long-term productive assets, as well as investment consistent with the government’s climate change objectives.
The government seeks views on how to tailor the prudential regulatory regime to support the unique features of the insurance sector and regulatory approach in the UK.
Author(s): Her Majesty’s Treasury
Date Accessed: 24 February 2021
Publication Site: Gov.UK