Tomorrow (Tuesday 9 December) the London insurance market will present the findings of its recent report to the All Party Parliamentary Group on Insurance & Financial Services.
London Matters, commissioned by the London Market Group, was published last month and makes a powerful case for the importance of the London insurance market. It also calls for greater unity of purpose across the London Market when it comes to putting the market’s case to regulators and governments and tomorrow's meeting is an important milestone in that drive
This session will look at how London aims to retain its position as the global insurance hub as its share of worldwide insurance premium declines in face of stiff global competition; while also addressing the role the London market can play in helping facilitate the Government’s Insurance Growth Action Plan, especially utilising its extensive underwriting expertise.
Tuesday 9 December 4.30pm, Committee Room 12
The London Market in 2015 and beyond: Retaining its global pre-eminence and facilitating local growth
Steve Hearn, Deputy CEO, Willis Group and chairman of the London Market Group
Sean McGovern, Lloyd's Chief Risk Officer and General Counsel
The meeting is open to the public. If you are attending you should allow plenty of time to enter the Palace of Westmister as the queues for public admission can sometimes be very long.
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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