International summit to highlight the UK’s expertise in insurance

A DELEGATION of senior insurance regulators and policymakers from international emerging markets will take part in the first ever International Insurance Regulators’ and Policymakers’ Summit this week.

The summit, organised by TheCityUK, in partnership with Government and the insurance industry, forms part of the Government’s Insurance Growth Action Plan (IGAP) and aims to champion the UK’s expertise in insurance.

The organisers said it will also deepen understanding of the UK insurance market in international markets and facilitate the sharing of insights and experience between countries interested in growing their insurance market.

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Delegates will attend a series of sessions hosted at the headquarters of UK-based insurance companies and Government offices in London.

Sir Gerry Grimstone, chairman of TheCityUK, said: “The summit is an important part of the IGAP and a unique opportunity for TheCityUK together with its industry partners to facilitate a two-way dialogue between the UK insurance industry and delegates from international markets where major growth in insurance is expected over the coming years.

“As well as providing a forum to address the global regulatory and policy challenges, we hope to find synergies on how we can work together to improve the global competitiveness of the insurance industry. The summit also provides a platform to build an understanding of the UK’s approach to insurance regulation and forge stronger relationships with international markets.”

The UK insurance market is the largest in Europe and the third largest in the world.