Clifford Chance

Clifford Chance regulatory insurance insights 2024

10 October 2024

The UK insurance sector is currently undergoing a significant transformation as it adjusts to the post-Brexit economic landscape. At the heart of this transformation are the strategic reforms being led by HM Treasury and the Prudential Regulation Authority (PRA), which include the adaptation of the Solvency II framework into a customised 'Solvency UK' model. This new model is meant to cater to the UK market, whilst ensuring compliance with international regulatory standards. The aim is to strike a balance between fostering a dynamic, competitive environment for insurers and maintaining the robustness of the UK financial system.

Download PDF