Solvency II Divergence Hub

This Hub brings together recent developments, insights and webinars from our Corporate Insurance lawyers to help you keep track of the proposed changes to Solvency UK and Solvency II as they progress through the respective legislative and regulatory processes.

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Thresholds

Thresholds [UK]

The UK government will increase the thresholds at which Solvency UK will apply to insurers to £15 million in annual gross written premiums (triple the previous threshold) and to £50 million in gross technical provisions (double the previous threshold).  Insurers below the threshold will be able to opt-in to Solvency UK.

For information on changes to the Solvency II EU thresholds see Topics – Proportionality [EU]

Key contacts

Tim Goggin

Partner

London

Kirsten Barber

Senior Knowledge Lawyer

London