The UK government capped off 2024 with a call to its main regulators – including the Financial Conduct Authority (FCA) – asking for ideas to boost economic growth.
As we move into 2025, the government’s financial services sector plan – coined the Financial Services Growth & Competitiveness Strategy (in respect of which insurance and reinsurance markets have provisionally been identified as priority growth opportunities) – is expected to be published in Spring 2025.
Across the channel, EIOPA used 2024 to reaffirm two core strategic supervisory priorities: financial robustness of insurers and consumer protection in a disruptive environment. Littered throughout EIOPA’s ‘single programming document’ for 2025-2027 are hints as to the shape of regulatory things to come, including initiatives to plug protection and pensions gaps and effectively oversee the supervision of expanding cross-border business.
Many of the finer points of regulatory detail in the UK and the EU can be expected in 2025. we have produced a guide in which we bring together 25 items for insurers’ and pension providers’ radars over the coming twelve months. Download our 25 for 2025 guide here.