Insurance firms have 20% higher chance of failure due to Solvency II reforms: BoE
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Insurance firms have 20% higher chance of failure due to Solvency II reforms: BoE

Houses Of Parliament in the morning

Proposed Solvency II reforms increase the annual chance of an insurance firm collapsing by around 20%, from 0.5% to 0.6%, the Bank of England has told the Treasury Committee.

In a letter published today, the Governor of the Bank of England argued that the government’s plan to overhaul Solvency II rules, which reduce how much capital life insurers must hold to protect themselves against bankruptcy, increase a firm’s...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article