Review of Solvency II: Call for Evidence – Response
8 July 2021
On Thursday 1 July, HM Treasury published a response to its Call for Evidence (the "Response") issued on 19 October 2020. Overall, the Response shows the government agreeing that many aspects of Solvency II are overly rigid. Both the government and the UK insurance industry desire a revised regime that allows insurers to provide long-term capital to the economy, including investment in long-term assets and investment consistent with the government’s climate change objectives.
Clifford Chance
