In a speech given at The Insurance Institute of London Lecture, Sam Woods, Executive Director of Insurance Supervision, looks at the development of Solvency II in the wider context of insurance history. Sam offers a brief view on why we regulate insurance companies, looks over 5000 years of insurance activity and examines how the British state has involved itself in the affairs of insurance companies over the past 500 years. To conclude, Sam asks what we can learn from this as we enter the Solvency II era.
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