Solvency UK
This lesson will provide a high level introduction to Solvency UK and what it means for insurance companies.
Solvency II was established in 2016 to standardise supervision of insurance firms across the EU. Since Brexit, the UK Government have been working on amendments to tailor these requirements for the UK specifically.
When you’ve finished this module, you’ll be able to:
- Explain what Solvency UK is
- Identify the three separate pillars of Solvency UK
- Explain how the main features of each pillar impact the UK insurance industry
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