UK's Glen: Post-Brexit reforms proposed to lessen burden on insurers

John Glen, UK Treasury minister, will outline post-Brexit plans for reducing the cost of insurance companies to increase investment and red tape at the annual dinner of The Association of British Insurers on Tuesday.

ANALYSIS
22 February 2022 Tuesday 23:16

UK's Glen: Post-Brexit reforms proposed to lessen burden on insurers

Key quotes

"Planned Reforms include giving insurers greater flexibility to invest long-term assets like infrastructure and a "meaningful decrease in the current reporting burden and administrative burden."

"EU regulation is no longer relevant to us and the government is determined that it will be fixed."

"We have the opportunity to grow and maintain an innovative, vibrant insurance industry."