UK seeks to ‘unlock’ billions of pounds with new insurance rules
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UK seeks to ‘unlock’ billions of pounds with new insurance rules

Luke Harrison
22 February 2022
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London Financial District Skyline

The UK will seek to unlock tens of billions of pounds of investment by cutting EU “red tape” through reforms to Solvency II regulation on the insurance sector, according to John Glen, Economic Secretary to the Treasury and City Minister.

Speaking at the Association of British Insurers’ (ABI’s) annual dinner yesterday, Glen outlined new Solvency II measures that would look to reduce bureaucracy, relax regulation, foster growth and free up investment.

The

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