Speak up for yourself, Davos delegates tell UK insurers

Laura Miller
clock

UK insurance companies need to be more proactive in distancing themselves from the banking crisis, delegates at Davos have told Zurich's Geoff Riddell.

The Zurich chairman of global corporate and chief executive for Asia-Pacific and Middle East, where he is responsible for both life and general insurance, says attendees at the World Economic Forum (WEF) challenged him on why no-one within the industry was speaking up. He says: "People were coming up to me saying no-one is speaking up for the insurance industry. "They realise the public has lost trust in banks, politicians but also in businesses in general. But they said the industry is not selling the fact that it hasn't been part of the banking fiasco strongly enough." Each year,...

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

Join

 

Already a Professional Adviser member?

Login

More on Protection

Listen and learn: Protection must change how it communicates

Listen and learn: Protection must change how it communicates

'Maybe it's time we start to make fewer assumptions'

Kevin Carr and Alan Lakey
clock 30 April 2024 • 4 min read
Cognitive biases in advice and the psychology of insurance

Cognitive biases in advice and the psychology of insurance

A look into client decision making and its effects on protection uptake

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read