Naive lobbying leads to an avoidable failure
The Treasury's recent answer to Airmic's latest lobbying attempts illustrated the industry's failure to take into account wider political considerations when lobbying
I watched with dismay over the summer as the Association of Insurers and Risk Managers ran into a totally avoidable brick wall at the Treasury with its lobbying to ensure risk managers are protected from the regulatory snares of the Financial Services Authority.
The issue was relatively straightforward. Are group risk managers who arrange insurance for subsidiaries acting as intermediaries and, potentially, subject to the same FSA regulation as all insurance intermediaries? The FSA swiftly passed
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