The latest parchment from the House of Lords has arrived via a cup bearer;
The House of Lords Industry and Regulators Committee will tomorrow take evidence from Robert Childs, Non-Executive Chairman of Hiscox, the diversified international insurance group. The Committee will question Mr Childs on the position of the UK’s insurance and reinsurance sector in relation to international competitors.
The evidence session will start at 10:30am on Tuesday 1 March. The session can be followed live and on demand at www.parliamentlive.tv
Areas the session will cover include:
- Changes to the UK commercial insurance and reinsurance market over the last five years and the growth of overseas domestic insurance markets.
- Whether UK regulation of insurance markets encourages or discourages innovation in the sector.
- How regulation post Brexit could be used to improve the UK’s competitive position in the international insurance market.
- What level of regulatory costs UK insurance companies face and the extent to which those costs are passed on to customers.
- Whether there should be a competitiveness objective for regulators and how that might impact on other objectives such as financial stability or customer protection.
- Whether current UK regulation is contributing to the migration of business or companies outside of the UK.