Insurance Companies to Give Evidence in House of Lords Committee

The latest update from the House of Lords;

At 10am on Wednesday 22 July the House of Lords Financial Services Regulation Committee will hear evidence from:

• Alistair Hargreaves, Chief Executive of UK Insurance, Admiral Group
• Jason Storah, CEO of UK & Ireland General Insurance, Aviva
• Nick Turner, Group Chief Executive, NFU Mutual.

This public evidence session will be held in Committee Room 2 of the House of Lords and streamed live and on demand on Parliament TV.

This session is part of the committee’s inquiry into the regulation of the UK’s consumer insurance market. The aims for this session are to find out:

• How insurance firms respond to concerns over consumer outcomes in the general insurance market;
• The impact of regulation, including the FCA’s Consumer Duty, on the general insurance market;
• How consumer outcomes in the general insurance market can be improved.

More about the Financial Services Regulation Committee

The Financial Services Regulation Committee was created in early 2024 following the passing of the Financial Services and Markets Act 2023 which established a new framework for the regulation of financial services in the United Kingdom.

The committee is chaired by The Baroness Noakes DBE. Its members are: Baroness Bowles of Berkhamsted; Lord Davies of Brixton; Baroness Donaghy; Lord Eatwell; Lord Griffiths of Fforestfach; Lord Hill of Oareford; Lord Hollick; Lord Lilley; Lord Sharkey; Lord Smith of Kelvin; Lord Turnbull; and Lord Vaux of Harrowden.

The committee’s work can be followed on its website and on LinkedIn.