The Government wants the UK insurance industry to work more closely with it to manage risks in society.
In a publication from the Insurance Industry Working Group (IIWG) into the medium and long-term challenges facing the insurance sector, the Government confirmed its desire to maintain a competitive industry. The IIWG, co-chaired by Chancellor Alistair Darling and Andrew Moss, group chief executive of Aviva, says the UK should be a leading insurance centre by 2020, with a deep customer relationship and close ties to Government. Government, insurers and the FSA need to work more closely to promote good financial education among the public and should take steps to improve transparency an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes