Solvency II equivalence will be critical to UK
Wednesday, 08 03 2016, Category: Insurance and Reinsurance, Country: United Kingdom
The British Insurance Brokers’ Association (BIBA) has warned that the UK government must prioritize securing Solvency II equivalence status post Brexit – assuming full access to the single market is not possible – if the country’s insurance market is to retain its size and importance as a global hub.
The representative body has sent a letter to senior government figures, spelling out what, in its members’ opinions, are the most important considerations as the country faces its future outside the European Union (EU).
Source: Intelligent Insurer