Cut EU red tape to unleash £95bn investment wave, say insurers

The Telegraph | Feb 23, 2021 at 7:00 AM
  • Ministers should slash Brussels red tape in the insurance market to free up £95bn of capital to turbocharge Britain’s green energy infrastructure drive.
  • Bosses are calling for the Government to take advantage of Brexit by overhauling the EU’s Solvency 2 rulebook for UK firms.
  • Insurers’ reserves have remained resilient during the pandemic despite a crash in the value of their assets and a surge in claims, although the industry has resisted paying out on thousands of Covid-related claims.