UK regulator consulting to reduce investment barriers for insurers, aiming to promote economic growth

From Yahoo Finance: 2025-04-08 11:46:00

The UK’s Prudential Regulation Authority (PRA) is consulting on reducing investment barriers for insurance companies with the new Matching Adjustment Investment Accelerator (MAIA) to streamline the MA application process and allow immediate recognition of benefits. This initiative aims to support growth in the UK economy while protecting policyholders, aligning with the PRA’s objective to promote economic growth and competitiveness.

Insurers holding MAIA permission can act swiftly on investment opportunities without delay, with a 24-month window to submit a formal MA application for eligible assets. PRA CEO Sam Woods believes this innovation will enable faster investment decisions, benefitting insurers with MA permission and those applying in the future. The Bank of England oversees the prudential regulation of financial services firms, including insurers.

Recently, the UK’s Financial Conduct Authority (FCA) launched a market study to evaluate the distribution of pure protection insurance products and ensure alignment with consumer protection regulations. The consultation to ease investment barriers for insurers demonstrates a proactive approach to fostering growth and competitiveness in the insurance sector.



Read more at Yahoo Finance: UK regulator launches consultation to ease investment barriers for insurers