BoE Director of General Insurance, Chris Moulder, has spoken to the Westminster Business Forum on the policy priorities for prudential regulation and supervision. He discussed the approach to the Solvency 2 regime, preferred provider organisations and some of the consequences of soft market conditions on competition. With regard to the last point, he urged insurers not to be too keen to increase releases of reserves, rely on top line growth or purchase specific forms of reinsurance to meet business plans and market expectations of profitability. (Source: BoE Moulder – Policy Priorities)