As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers commented: “The Insurance Growth Action Plan demonstrates how important the UK insurance industry is to the economy and wider society and how working in partnership with government can be positive for both.
“We welcome the government’s commitment to support UK insurers’ expansion into overseas markets, and also to help attract companies to base themselves in the UK.”
He also indicated that the “increased certainty on Solvency II has already paid off with insurers committing to invest £25 billion [$40.87 billion] in UK infrastructure projects over the next five years demonstrating again how crucial a thriving insurance market is to the economic health of the UK.”
Source: Association of British Insurers
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