Government sides with insurers over PRA

HM Treasury Budget suitcase, man in suit wearing Union Jack glove

Chancellor Jeremy Hunt’s first Autumn Statement delivered the tax hikes and spending cuts that were widely expected as well as the Solvency II overhaul insurers had long hoped for.

In a 25-page paper, published alongside the Autumn Statement yesterday (17 November), the UK’s fourth chancellor in 2023 revealed plans to ditch Solvency II and replace it with new rules.

Insurers in

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Checking the price is right for insurance

Emma Ann Hughes examines how to prove the price is right of cover for different segments of consumers and observes it requires a whole lot more than just knowing the cost of delivering insurance products and services.

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