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Commercial insurance and reinsurance regulation

Inquiry

The House of Lords Industry and Regulators Committee is launching an inquiry into the regulation of the London Market – the UK’s commercial insurance and reinsurance market. The Committee will explore the extent to which regulatory policy is well-designed and proportionately applied and the possibilities for optimising policy following Brexit. The inquiry will consider the roles of the Bank of England and Financial Conduct Authority and the appropriateness of regulation – the content of regulations as well as their implementation and application by regulators – relative to the risks posed by the London Market. The Committee will also assess the effects of regulation on customer interests and the market’s global competitiveness.