Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many businesses (a) applied for and (b) were granted authorisation as insurers in each of the last five years.
The Prudential Regulation Authority and the Financial Conduct Authority are responsible for overseeing the authorisation of insurance companies. The Treasury does not publish data on authorisations of insurance providers.
This question has been passed on to the Financial Conduct Authority and the Prudential Regulation Authority, and they will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.