Reinsurance News

LIIBA agenda spotlights Lloyd’s reforms & Brexit planning

27th January 2020 - Author: Matt Sheehan

The London and International Insurance Brokers’ Association (LIIBA) has announced the publication of its agenda for 2020, which emphasises further participation in the Future at Lloyd’s program and efforts to support Brexit planning.

LIIBA logoSpecific initiatives for the year include working with HM Treasury to explore options for a regulatory approach more suitable for London market customers.

LIIBA also plans to identify opportunities to liberalise trade in services post-Brexit, and to work with the government and trade bodies to open up new global markets for LIIBA members.

Other highlights include a training program to help members develop more inclusive and productive cultures, and more potential input on the debate surrounding digitalisation and the regulatory response.

Finally, LIIBA will work to promote the central role that it believes the re/insurance industry should play in addressing the climate crisis as part of EIOPA and OECD led debates on sustainable finance.

Christopher Croft, the London and International Insurance Brokers’ Association’s Chief Executive, said: “Our agenda looks to improve our marketplace for customers but, as importantly, to develop global opportunities for our members,” said LIIBA CEO Christopher Croft.

“To improve our external offering, we will be enthusiastic participants in the Future at Lloyd’s programme and maintain our constructive relationship with all regulators to manage the burden on members and ensure optimal customer outcomes. We will also do the work needed to ensure all this is delivered by an inclusive and diverse market,” Croft continued.

“Looking to future trading relationships, we will continue to support members’ Brexit planning and seek to secure EU market access as part of any new Trade Deal. But we will also look to explore the global opportunities a new political landscape can provide.”

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