Policy paper

Solvency II Review: Call for Evidence

Government seeks views on reforming the prudential regulation of the UK insurance sector.

• From: HM Treasury
• Published: 19 October 2020
• Last updated: 1 July 2021 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Review of Solvency II: Call for Evidence

Ref: ISBN 978-1-913635-86-2

PDF, 367 KB, 36 pages

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Solvency II Review: Call for Evidence – Processing of Personal Data

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Review of Solvency II: Call for Evidence - Response

PDF, 406 KB, 40 pages

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Details

The government has published a response to the Call for Evidence – the Review is ongoing.

Solvency II is the regime that governs the prudential regulation of insurance firms in the UK. This call for evidence is the first stage of the review of Solvency II.

The review is underpinned by three objectives:

• to spur a vibrant, innovative, and internationally competitive insurance sector
• to protect policyholders and ensure the safety and soundness of firms
• to support insurance firms to provide long-term capital to support growth, including investment in infrastructure, venture capital and growth equity, and other long-term productive assets, as well as investment consistent with the government’s climate change objectives.

The government seeks views on how to tailor the prudential regulatory regime to support the unique features of the insurance sector and regulatory approach in the UK.

Further to the call for evidence published on 19 October 2020 on the Solvency II Review, the period of consultation has been extended by one month to 19 February 2021. Please submit your responses to SolvencyIIReview@hmtreasury.gov.uk

Published 19 October 2020
Last updated 1 July 2021 + show all updates

1. 1 July 2021

   Call for Evidence - Response added

2. 24 February 2021

   The Call for Evidence period closed on 19 February – the Review is still ongoing

3. 30 November 2020

   Amended consultation close details.

4. 19 October 2020

   First published.