We want to create an environment for innovation, so that the London Market is able to respond to new client demands and existing and emerging risks. To do this we need to ensure that we have the right business environment.
This workstream is working to help us achieve this aim, and the work includes:
- Working with the UK government, parliamentary parties and the civil service to ensure they better understand the position of the London Market and its place in the UK economy
- Developing an agenda for government to enhance the international competitive position of the market
- Ensuring that the regulation of the market is appropriate and is proportional to the risks we pose, recognising the market competes worldwide
London should be the fulcrum of insurance invention, the place where new solutions that meet new customer demand are developed and nurtured.