UK insurance ready for capital rules reforms, says ABI

The UK insurance industry is well prepared for what will be the biggest reform to capital rules in a generation, the Association of British Insurers (ABI) has said.

More insurance regulators 'gold-plating' Solvency II requirements, survey says

European regulators are increasingly choosing to impose additional last-minute requirements on insurers as part of their preparations for the new Solvency II regulatory regime, according to an industry survey.

PRA approves 19 UK insurers' Solvency II 'internal models'

The names of the UK insurers that will be permitted to use their own methods of calculating capital requirements under the new Solvency II regulatory regime have been confirmed by the Prudential Regulation Authority (PRA).

Small business customers of financial services may need extra protections, says FCA

Further action by the regulator could be needed to ensure that smaller businesses receive appropriate protection when dealing with their banks and insurers, the Financial Conduct Authority (FCA) has said.

Simplified products, consolidation and more focus on digital – the insurance market five years from now

FOCUS: There will be fewer insurers five years from now, and they will be selling simpler products in a more digitally-focused market.