Episode 24: EU-UK regulatory divergence for the insurance sector
Now that the transition period for the UK’s departure from the EU has ended, differences between the regulatory regimes in the two jurisdictions may begin to emerge. One area where these differences could be felt first is in the insurance sector. In this episode, we speak to Andrew Bulley, Henry Jupe and Felix Bungay to hear their thoughts on what regulatory divergence could really mean in practice, how the review of the Solvency II Directive could create an opportunity for divergence to materialise, and how insurers can manage a more complex regulatory landscape. Tune in now to hear more about this increasingly important subject for a post-Brexit world. Key questions: What does regulatory divergence look like in practice, and how might we see it materialise between the UK and the EU? How has the UK’s regulatory and supervisory philosophy traditionally differed from the EU’s and what could this mean for the future? Why do we see the review of the Solvency II Directive as a potential source of regulatory divergence? How can insurers cope with the practical challenges of managing regulatory divergence and regulatory complexity?