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

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.