The clock is ticking on the UK leaving the EU but their future relationship remains unclear

Insurers have too much to lose from the UK leaving the EU not to take an active role in discussions

European Commission consultation on CMU set to close on 13 May 13

Commission also looking at building a high-quality securitisation market in the EU and reducing barriers to access to capital markets through a review of the Prospectus Directive

It is time to re-examine the substance and benefits of Solvency II

While the deal on the Omnibus II Directive will finally make the new EU insurance regulatory framework operational, we should not forget significant work still needs to be completed by January 1, 2016, the date agreed for Solvency II’s application.