Does Solvency Ii Apply to Intermediaries?
Although the Solvency Ii Directive Has No Explicit Requirements Towards Insurance Intermediaries, It Has Implications on Insurance Intermediaries. Who Does...
Although the Solvency II Directive has no explicit requirements towards insurance intermediaries, it has implications on insurance intermediaries.
Who does Solvency 2 apply to?
Solvency II will apply to most insurers and reinsurers with their head office in the European Union (EU), including mutuals, and companies in run-off unless their annual premium income is less than €5 million.
Are insurance intermediaries dual regulated?
Insurers are 'dual-regulated'. This means that they are authorised and prudentially regulated and supervised by the Prudential Regulation Authority (PRA) and regulated for conduct purposes by the FCA. The primary responsibility for the implementation of Solvency II in the UK rests with the PRA.
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