So what will be the next Solvency II?
The regulatory requirements for insurance companies have become an improbable flashpoint between politicians searching for the benefits of post-Brexit regulatory freedom and City watchdogs prioritising the protection of customers and the financial system.
It seems questionable that a particular calculation underpinning insurers’ matching adjustment in their capital requirements is the key to unlocking brighter times for growth-starved, sewage-stained, energy-impoverished Britain.
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