UK mounts group supervision campaign

Group supervision is one of the biggest wins promised by the Solvency II directive, but it is also one of the most controversial areas. IR&A looks at the UK’s proposals to strengthen the group support regime and reassure the concerns of other member states

The UK is keeping up the pressure on Europe’s legislators to adopt a new integrated approach to insurance group supervision as part of the Solvency II directive. HM Treasury and the Financial Services Authority have worked closely over the past few years to raise the profile of insurance group supervision and they see the current work on Solvency II as a major opportunity to change the way cross-border insurance groups are supervised.