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The UK’s new regulatory framework for insurance

3 May 2023

Online
The UK's new regulatory framework for insurance

CPD Certified

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

In this IIL London Market webinar, our speakers talk about the UK’s decision to leave the EU and how it created the opportunity to tailor insurance regulation to the needs of the British insurance market.

Description

The ‘Edinburgh Reforms’ are the Government’s flagship revision of financial services regulation. For insurance, they cover Solvency II, the SMCR and the Insurance Distribution Directive. Meanwhile, the Financial Services and Markets Bill is passing through Parliament and will alter the way our regulators behave. This presentation examines each in turn and draws out the implications for the London Market.

Learning objectives

  • Why the improvements to Solvency II are worth having, but not life-changing for commercial insurance
  • Why the regulators are likely to resist substantive change to the SMCR
  • Revision of the IDD as an opportunity to rationalise the scope of conduct regulation – but the consumer duty is here to stay

Speakers

Details

Date:
May 3, 2023
Time:
1:00pm - 2:00pm BST
Category:
, ,

Venue

This is an online event

Organiser

The Insurance Institute of London (IIL)
Phone:
+44 20 7600 1343
Email:
Iil.london@cii.co.uk
Website:
https://www.iilondon.co.uk/home/

Other

CPD text
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.