ABI: we will not be complacent but the insurance industry remains strong

Responding to recent reports on the status of UK insurers, Peter Vipond, director of regulation at the ABI said: "The British insurance industry entered the current period of market turbulence in a far stronger position than in 2003. Firms have, for example, changed their business models and now rely far less on equity holdings.

"Above all, working with the Financial Services Authority, firms have introduced a new generation of risk controls, which require them to use realistic numbers for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: