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 to the UK market.
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 to the UK market. Type: conclusion | Number: 22 | Paragraph: 147 | Response status: under_consideration Government response: The government notes this recommendation. The reform of Solvency II aims to ensure deliver a robust insurance regulatory regime that is tailored to the needs of the UK insurance sector and will be guided by the government’s objectives to: • spur a vibrant, innovative, and internationally competitive