The Government wants the UK insurance industry to work more closely with it to manage risks in society.
The Insurance Industry Working Group (IIWG) into the medium and long-term challenges facing the insurance sector, says the UK should be a leading insurance centre by 2020, with a deep customer relationship and close ties to Government.
The Government also wants to work with insurers to manage financial distress and longevity risks, helping the public sector deal with retirement income issues and long-term care.
