On 1 December, the IFoA was pleased to welcome the governor of the Bank of England, Andrew Bailey, to deliver a speech on the Bank’s priorities for regulating insurers.
In front of a live audience at Lincoln’s Inn and many more online, he outlined the Bank’s plan to “focus on the soundness of insurers and protection of policyholders while supporting the industry to invest in the UK economy and the green transition”.
Bailey touched on several important issues, such as Solvency II, and pledged that the Bank of England would engage with the insurance industry in a collaborative manner to identify solutions that meet statutory objectives. He also took part in a Q&A with IFoA president Louise Pryor.
Watch the full speech and discussion at bit.ly/IFoA_BoEGov, and read an article summarising the speech at bit.ly/Actuary_BoEPriorities