Insight and Intelligence on the London & International Insurance Markets

19 March 2018

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PRA's Woods pushes back on Solvency II overhaul demands

Laura Board 27 February 2018

The debate about Solvency II reforms has lost sight of the policyholder, the Prudential Regulation Authority (PRA)'s Sam Woods told delegates at the Association of British Insurers (ABI)'s annual conference today.

Woods was speaking after the Treasury Select Committee (TSC) had largely sided with the life insurance industry and accused the regulator of an overzealous application of the pan-European capital standards, in October.

In a long-awaited report, UK parliamentarians had demanded changes to elements of Solvency II, including the matching...

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