Treasury Committee

EU Insurance Regulation inquiry

Inquiry status: Concluded

This inquiry closed on 3 May 2017, when Parliament dissolved for the general election. The inquiry cannot be re-opened, but the Committee may choose to hold another inquiry on this subject in the future and may refer to the evidence gathered in previous parliaments if it does so.

Scope of the inquiry

This is an inquiry into the new regime for the regulation of insurance, which was implemented in January 2016.

There were fears that the much delayed EU directive would impose substantial costs on the insurance industry, and the Committee has already heard evidence suggesting that Brexit provides the opportunity to leave the Solvency II arrangement and that doing so would help insurance companies. This inquiry will explore the impacts of the directive, and the options now available to the UK, in more detail.

Terms of reference: EU Insurance Regulation

Latest evidence

  • 22 Feb 2017 - EU Insurance Regulation - oral evidence | PDF version (PDF231 KB) HC 852 | Published 02 Mar 2017

    Evidence given by Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer, Prudential Regulation Authority, Victoria Saporta, Executive Director, Prudential Policy, Bank of England, and David Belsham, External Member, Prudential Regulation Authority Board.

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