News

UK government sets out final reform plan for Solvency II

By 2022-11-21T12:10:00

treasury

The chancellor has confirmed that the risk margin for general insurance businesses will be lowered by 30%

UK chancellor of the exchequer Jeremy Hunt last week (17 November 2022) set out his plans for the economy in his Autumn Statement, via a speech to Parliament.

Contained within the statement was backing for the Treasury’s Review of Solvency II consultation response, which was also published on 17 November.

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