Govt to form an insurance strategy for growth

clock

Financial Secretary to the Treasury Greg Clark has announced a Government strategy for the insurance sector to enhance its position as a leader in global business.

Launching the strategy, Mr Clark highlighted the insurance sector's vital contribution to the UK economy and its social fabric through meeting the financial needs of communities and as long-term investors.

The Government's new insurance sector strategy, he said, will work to enhance the industry's competitive edge and drive growth in overseas markets.

Otto Thoresen, Director General at the Association of British Insurers, said: "Government's dedicated strategy for the UK insurance sector highlights the important role our industry plays in driving economic growth, helping people manage risk and making society more financially resilient.

"Government is right to shine a spotlight on our industry and recognise the long-term approach at the heart of our businesses which uniquely positions us to tackle the UK's major challenges through our long-term investments and helping people to save for the future. "

More on Regulation

The COVER Review: A budget on the horizon, private healthcare and product launches

The COVER Review: A budget on the horizon, private healthcare and product launches

Week commencing 1 September 2025

COVER
clock 05 September 2025 • 1 min read
Autumn Budget 2025 set for 26 November

Autumn Budget 2025 set for 26 November

Investment and reform

Cameron Roberts
clock 03 September 2025 • 3 min read
The COVER Review: FCA updates, acquisitions and IPT

The COVER Review: FCA updates, acquisitions and IPT

Week commencing 25 August 2025

COVER
clock 29 August 2025 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read