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International

UK steps up efforts to reform insurers’ capital rules, free up capital

November 18, 2022 Reprints

The U.K. government and the Bank of England are reforming insurer capital rules, which could potentially free up to £90 billion ($107 billion) of investment capital, The Bharat Express News reports. The post-Brexit change to the European Union's Solvency II rules will cut insurers’ risk margin, which acts as a capital buffer when an insurer takes over policies from another insurer that has run into trouble.

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UK steps up efforts to reform insurers’ capital rules, free up capital

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