We should move the conversation on insurance away from simple indemnity

Without a doubt, the UK’s departure from the European Union – whenever that’s going to happen – has opened a can of worms for the insurance industry… the London Market Group (LMG), however, is of the view that there may be trading opportunities to be had after Brexit, and it is working towards taking advantage of them. “We believe that to make the most of these opportunities, we should move the conversation on insurance away from simple indemnity and focus on how the industry can support economic growth and resilience across the world,” stated SCOR’s EMEA (Europe, the Middle East, and Africa) Hub managing director Malcolm Newman, sponsor of the LMG workstream to create the right business environment. “We believe that to make the most of these opportunities, we should move the conversation on insurance away from simple indemnity and focus on how the industry can support economic growth and resilience across the world,” stated SCOR’s EMEA (Europe, the Middle East, and Africa) Hub managing director Malcolm Newman, sponsor of the LMG workstream to create the right business environment. Newman said the LMG has the capability to play a critical role in supporting the economic development of countries by growing trade in existing markets and opening new ones.

Spotlight

Spotlight

Related News