Regulatory simplification gathers momentum in Europe as UK presses on with competitiveness agendaCalls for regulatory simplification from European insurers have met with a positive response from the principal regulator, the European Insurance and Occupational Pensions Authority (EIOPA). Mar 30 26March 30, 2026Article at insuranceinvestmentexchange.com
British exceptionalism will haunt financial services – and the rest of UK plcThe long-expected confirmation that the UK will not include financial services in its tentative talks about closer alignment with European Union, our largest trading partner, shows we have learnt l… Jan 09 26January 09, 2026Article at David Worsfold
How Brexit has affected the UK insurance marketFive years on from the UK exiting the European Union, David Worsfold examines if the insurance industry benefitted or received a blow from Brexit. Apr 09 25April 09, 2025Article at Insurance Post
Euro regulators push for clearer sustainable finance definitionsA powerful alliance of European Union financial regulators is stepping up pressure for clearer definitions of sustainable finance that it argues are needed to support the green transition and boost consumer protection. The European Insurance and… Jun 26 24June 26, 2024Article at insuranceinvestmentexchange.com
Greenwashing rules prompt Euro rowMoves by the pan-European regulator EIOPA to clampdown on misleading claims by insurers and pension funds about the green credentials of products and investments have provoked a robust push back from insurers. The European Insurance and Occupational… Mar 20 24March 20, 2024Article at insuranceinvestmentexchange.com
2024: The elections that will shape the worldThis is the year of the ballot box. Over 40 national elections involving a potential 60 billion voters going to the polls are due to take place this year. They could leave the world looking rather different by the end of the year. The potential of… Jan 02 24January 02, 2024Article at David Worsfold
Solvency UK reforms gaining momentumThe Prudential Regulation Authority (PRA) has set out its determination to maintain the momentum of reform of the solvency regime for UK insurers following the passing of the Financial Services and Markets Act 2023 (FSMA). Last week saw Gareth… Sep 27 23September 27, 2023Article at insuranceinvestmentexchange.com
Brexiters should back off Last Night of the Proms“Brexiters outraged after crowds wave EU flag at Last Night of the Proms”, screams a headline on The Guardian website this morning. You have to weep at the ignorance and stupidity of these brain-dead Brexiters. They pretend to care about freedom but… Sep 10 23September 10, 2023Article at David Worsfold
Solvency II reforms still dividing EUThe long-running process of agreeing reforms to the European Union’s Solvency II regime will move into a crucial new phase in September. This is when the so-called trilogue process starts, involving discussions between the European Parliament, the… Aug 22 23August 22, 2023Article at insuranceinvestmentexchange.com
UK economy: Looking beyond BrexitThe view that the UK is the sick man of the G7 economies when it comes to growth is misplaced, with key data on growth and trade showing the UK firmly in the middle of the major economies, according to Simon French, chief economist at Panmure Gordon.… Mar 29 23March 29, 2023Article at insuranceinvestmentexchange.com
Ireland sets out on its post-Brexit pathwayFinancial services are important to the Irish economy. The sector is a big employer. Over 105,000 people work in the domestic and international financial services sector, just over 4.2 percent of total employment, and it contributed €19.3bn to the… Jul 22 22July 22, 2022Article at World Finance
How the Ukraine war has changed Europe’s attitude towards the UKThe Association of European Journalists seminar on media freedom and the implications of the war in Ukraine held in the European Parliament on 16 June was a real eye opener for a Brit expecting to spend most of his time apologising for the mess his… Jun 28 22June 28, 2022Article at David Worsfold
Intelligence: Ireland is cautiously optimistic about its financial futureIreland’s insurance market exudes a cautious optimism about its future as it emerges from the constraints of the Covid-19 pandemic into a post-Brexit world. The optimism flows from the country’s Only users who have a paid subscription or are part of… Apr 25 22April 25, 2022Article at Insurance Post
Battle lines drawn over Solvency reformsJust hours after Bank of England executive director Vicky Saporta warned MPs on the Treasury Select Committee of the dangers of weakening regulation in pursuit of competitiveness, City Minister John Glen stood up at the Association of British… Feb 22 22February 22, 2022Article at insuranceinvestmentexchange.com
PRA restates its determination for the UK not to become regulatory rule-takersThe chief executive of the Prudential Regulation Authority (PRA), Sam Woods, has used his response to the recent Treasury Select Committee report on the future regulatory framework for UK financial services to reiterate its belief that the UK must… Sep 20 21September 20, 2021Article at insuranceinvestmentexchange.com
UK’s Solvency II review gathers paceThe UK’s post-Brexit shake-up of Solvency II is gathering pace as the Treasury and the Prudential Regulation Authority have both given the clearest indication yet of their objectives, writes David Worsfold. The Prudential Regulation Authority has… Jul 27 21July 27, 2021Article at insuranceinvestmentexchange.com
Intelligence: What is happening to European insurance regulation?The UK may have left the European Union earlier this year without any deal in place for its significant insurance and financial services sectors but that is far from the end of the EU story when it Only users who have a paid subscription or are part… Jun 09 21June 09, 2021Article at Insurance Post
While the negotiations…While the negotiations between the UK and EU on equivalence for UK insurers wanting to operate in the EU drag on, EIOPA has moved the regulatory goalposts on climate change. This will be the lot of UK financial services business hoping that… Apr 28 21April 28, 2021Post at David Worsfold
With no post-Brexit…With no post-Brexit equivalence or passporting regime available to UK insurance brokers, they have had to explore other avenues to continue to trade across the European Union. My latest piece for Insurance Post explores the options open to… Apr 13 21April 13, 2021Post at David Worsfold
Slow progress on key EU rules dealThe prospects of a speedy deal to create an equivalence regime for the UK’s financial services sector in the wake of Brexit are steadily receding, writes Contributing Editor David Worsfold. The broad memorandum of understanding (MoU) on financial… Apr 08 21April 08, 2021Article at insuranceinvestmentexchange.com
