The UK insurance sector is the largest in Europe and a leading global centre in a truly global industry. The sector forms a vital part of the wider financial services cluster in the UK and benefits from a broad and highly developed skills base. But more needs to be done to maintain and strengthen the sector's competitive position - and to ensure the sector is equipped for success in the global race.
The purpose of this plan is to drive growth across the insurance industry and strengthen the sector's contribution to the UK economy. The plan identifies actions that Government, industry, and other partners can take forward in five key areas over the next 12-18 months and reflects engagement with UK-based insurers, inward investors, brokers, and trade and professional bodies.