“Solvency II is far too restrictive…” Agree or disagree with the 2017 Schroders* statement; the risk-based capital regime is here to stay. Despite post-Brexit discussions and 2023 reforms, the rebranded Solvency UK, intended to boost innovation in the Insurance and InsureTech sectors and boost the government’s drive for investment; infrastructure and clean energy - the agenda is both political and regulatory according to industry experts.* 

‘The EU’s Solvency II regime came into force in the UK on 1 January 2016, following many years of development in which the UK was deeply involved. In June 2020, post-Brexit, the government announced a wide-ranging review of the Solvency II framework in the UK.’ - Skadden*

Based on general market commentary, demand, as well as the plethora of industry analyses and newsletters available - the need for technically astute professionals in the sector is at an all time high.  Along with IFRS specialists, Solvency II, now Solvency UK artisans whether Accountants; Reporting Specialists; Analysts or Actuaries are essential in ensuring up to date regulatory knowledge and expertise; monitoring and reform implementations and adjustments according to the latest regulatory frameworks. 

At Savant Recruitment, our team of Accountancy, Finance and Risk specialists possess extensive knowledge and expertise in niche talent solutions, supported by comprehensive market research. Whether specific requirements are to establish a team from the ground up or restructure  your current team, we are equipped to offer skilled support and consultancy, as well as access to the best technical talent in the industry on either a Retained Search basis for executive search, or alternatively on a contingency basis.

As an experienced Financial Services Recruitment Consultant with around seven years of experience across the London; European / Benelux; Middle Eastern and Southern African markets, working in the London market. 

If you require further information on how we can assist your organisation, please do not hesitate to

contact us.

Get in touch with us at Savant Recruitment on 07940 361 330 / tamarin.orlop@savantrecruitment.com

References: *Skadden; The Standard Formula Podcast January 2023 

                        & Article: “From Solvency II to Solvency UK: The PRA provides Further Details on It’s Solvency II Reforms” 

                        by Robert Chaplin and George Belcher. 

                      **CNBC (interview with Chief Executive at Schroders - 2017)