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Formal meeting (oral evidence session): Commercial insurance and reinsurance regulation

Industry and Regulators Committee
Commercial insurance and reinsurance regulation

Tuesday 1 March 2022

Start times: 10.30am (private) 10.30am (public)


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Committee hears evidence on commercial insurance and reinsurance regulation

The Industry and Regulators Committee will hear from the Chairman of Hiscox, a major UK insurer, as part of its inquiry into commercial insurance and reinsurance regulation. The Committee will ask whether regulatory policy is well-designed and proportionately applied to the sector, as well as discussing the effects of regulation on customer interests and the market’s global competitiveness. The Committee will also question whether Brexit provides an opportunity to make changes to the regulation of the London Market, and how a competitiveness objective for the UK financial regulators would function.

 

Meeting details

At 10.30am: Oral evidence
Inquiry Commercial insurance and reinsurance regulation
Non Executive Chairman at Hiscox

Possible questions include:

  • What improvements could be made to the UK’s regulation of the London Market?
  • Is there scope and appetite for changes to insurance regulation post-Brexit?
  • What is the effect of the UK’s approach to insurance regulation in encouraging or discouraging innovation?
  • Should an objective to promote the competitiveness of the UK be added to regulators’ remits?

Location

Room 3, Palace of Westminster

How to attend