Insurance Reform Could Have 'Ripple Effect' For UK Economy

Law360, London (May 24, 2021, 4:22 PM BST) -- A fundamental reform of solvency regulations for British insurers could free up additional capital, causing a "ripple effect" across the economy, an executive at KPMG said on Monday.

James Isden, insurance director at the professional services company, said the government has the opportunity after Brexit to overhaul aspects of the European Union's Solvency II Directive, tailoring regulations to fit the U.K. market. The move could cut the cost of insurance for policyholders and create new jobs, he added.

HM Treasury launched a consultation in October on reforming the EU directive, which governs how much capital insurers are required to retain to allow them...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!