The UK’s approach towards Solvency II under Brexit will be a key determinant of the future of UK insurance regulation, and the UK may choose to refine its approach once outside the EU. Three potential approaches to regulation would be mirroring Solvency II, a Solvency II equivalent regime, or a modified regime that diverges materially from Solvency II.
This article was published in The Actuary, the magazine of the Institute & Faculty of Actuaries.