United Kingdom: Insurance Laws and Products

Subscribe
Insurance law and insurance regulation thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as reinsurance, insurance law and insurance products.
Article
Captive Insurance Comes Home: Prudential Regulation Authority Proposes A Bespoke UK Regime
The Prudential Regulation Authority has published proposals for a fundamentally new regulatory framework specifically designed for captive insurers in the United Kingdom, representing the most significant structural expansion of UK insurance regulation since Solvency UK. This tailored regime would create a distinct category of insurer with meaningfully lower capital, governance and reporting requirements, aimed at making the UK the location of choice for captive insurance business and onshoring captives cur
United Kingdom Insurance
AO
A&O Shearman
Article
PRA Publishes Consultation Paper On New UK Captives Regime
The Prudential Regulation Authority has unveiled proposals for a new UK captive insurance regime designed to boost competitiveness and provide businesses with greater flexibility in managing risk. The consultation paper outlines a bespoke framework with lower capital requirements, faster authorisation processes, and simplified governance structures compared to Solvency UK.
United Kingdom Insurance
KL
Herbert Smith Freehills Kramer LLP
Article
FCA Enforcement Watch 2: The Consumer Duty Moves Into A New Phase Of Scrutiny
The FCA's second Enforcement Watch reveals a shift from initial forbearance to active scrutiny of Consumer Duty compliance, with 11 open investigations now underway. As the regulatory framework matures, firms face increasingly intensive supervisory intervention through VREQs and OIREQs, with fair value assessments emerging as a particular enforcement focus alongside product governance and vulnerable customer treatment.
United Kingdom Finance
KL
Herbert Smith Freehills Kramer LLP
Article
PRA Proposes Funded Reinsurance Reform
The UK's Prudential Regulation Authority has proposed fundamental reforms to the regulatory capital treatment of funded reinsurance transactions under Solvency UK, potentially doubling or tripling capital requirements for insurers. These changes could reshape the competitive landscape of the UK life insurance market, favoring larger reinsurers with strong credit ratings while creating new barriers to entry for smaller players.
United Kingdom Insurance
SA
Skadden Arps Slate Meagher & Flom
Article
Funded Reinsurance: The PRA’s Proposed Changes To Capital Treatment – The Final Landing Place?
The Prudential Regulation Authority has proposed significant changes to the regulatory treatment of funded reinsurance that would require UK insurers to hold substantially more capital for these transactions. The consultation paper CP8/26 introduces amendments to the Counterparty Default Adjustment that could increase capital requirements from 2-4% to around 10% of underlying annuity liabilities.
United Kingdom Insurance
MB
Mayer Brown
See more

Latest Videos

See more