General Insurance Article - ABI statement on the EU referendum


Following the conclusion of the European Council today the ABI is setting out its position on the forthcoming the EU referendum.

 Huw Evans, Director General of the ABI said: “The ABI welcomes the reform package and, in particular, the safeguards the PM has negotiated to protect the interests of non-Eurozone countries. This deal is valuable for the financial services sector.
 
 “Whether to remain in a reformed European Union is a vital issue for this country and as the largest insurance and long-term savings market in the EU and a major employer and tax provider, it is important the industry contributes to the debate.
 
 “The UK economy benefits from membership of the EU single market and being part of the world's largest trading block. Membership guarantees the right to do business in 27 other countries on an equal footing. The UK gains from this arrangement; we sell £21billion more in insurance & long-term savings products to the rest of the EU than they sell to us.
 
 “As a global insurance centre of excellence, the UK has a major influence in shaping the rules of the EU. And as the undisputed financial services centre of the EU, the whole of the UK is able to benefit from the jobs, tax revenue and economic prosperity this position brings.”

Back to Index


Similar News to this Story

Ethnicity Pay Gap reporting must go beyond biggest employers
Ethnicity pay gap (EPG) reporting involves measuring and publishing the difference in average pay between employees from different ethnic backgrounds
Regulators combine to tackle poor claims management practice
The Financial Conduct Authority (FCA), Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and the Advertising Standards Au
9 in 10 firms interested in insurance cover for Gen AI risks
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations. While this brings significant oppor

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.