The word from the IUA as they get set for 2026 and the challenges ahead;
New underwriting, claims and emerging risks initiatives for the London company market have all been unveiled in the International Underwriting Association (IUA)’s 2026 Business Plan. The trade body plans to run two new councils for its members this year to discuss industry trends at a senior level. The first will be made up of Chief Underwriting Officers and the second will take a multi-discipline approach to analysing and responding to emerging risk challenges. It will combine risk, underwriting and claims communities to develop risk mapping frameworks, coordinate thought leadership and undertake data collection exercises.
Elsewhere, the IUA’s public policy team will be focussing on proportionate regulation, demanding clear distinctions between the treatment of retail and wholesale risks, and promoting growth and competitiveness as key regulatory principles.
The association will also be looking to drive the promotion of common data standards as the foundation for digital transformation initiatives in the London Market.
Chris Jones, IUA Chief Executive, said: “We are aiming to establish a more strategic approach to emerging and systemic risks, including cyber risks, artificial intelligence, climate risk, regulatory risk and parametrics.
“It is our job as a market association to represent our members and provide technical services and an interactive framework that leave members better positioned to meet such challenges.
“We will also be seeing to be more visible in our relationships with regulators and governments, supporting members through a challenging timetable this year of regulatory consultations and implementations.”
An executive summary of the IUA’s 2026 Business Plan is freely available to download at iua.co.uk/memberservices.
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