Insurance industry to descend on political conference season

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Representatives from the insurance sector will be attending the political conference season to discuss the issues facing the industry, such as the upcoming increase in Insurance Premium Tax and trying to ensure that compensation payouts are not swallowed up by lawyers.

Trade bodies the Association of British Insurers and the British Insurance Brokers' Association will both have a presence at the Conservative party conference in Manchester, while the ABI will also attend the Labour and Lib Dem conferences.

At the Labour conference in Brighton, the ABI is sponsoring the Progress Reception, where Seema Malhotra MP, Shadow Chief Secretary to the Treasury will be a guest speaker.

In Manchester with the Conservatives, the ABI is sponsoring the Women2Win annual reception and two private roundtables examining key issues.

The first one will look at modernising the civil justice system to ensure that claimants receive compensation rather than their lawyers.

It will be attended by Bob Neill MP, chair of the Justice Select Committee, and Heather Wheeler MP, chair of the All Party Parliamentary Group for Insurance and Financial Services.

The second private roundtable will examine the role of insurers in the midst of welfare reforms. Guest speakers include Jeremy Quinn MP and Craig Williams MP, members of the Work and Pensions Select Committee.

Seth Williams, head of public affairs at the ABI, explained: "Party conferences represent a great opportunity to engage with policy makers on behalf of insurers, ensuring key decision-makers are aware of the industry's priorities and the importance of insurance to both consumers and businesses.

"We are looking forward to a range of meetings and debates with the new shadow front-bench team, up-and-coming MPs on all sides and key figures from in and around government."

A Biba spokesman told Cover's sister title Post: "Steve White and Graeme Trudgill [CEO and executive director respectively] will both be going to the business day at the Conservative conference, where they will be discussing the relevant issues from our manifesto with MPs."

He added: "The conferences are a good opportunity to talk to MPs outside the Westminster bubble."

Biba is also hosting a "small private dinner" on one of the evenings in Manchester.

Meanwhile, MoneySupermarket is holding a fringe event at both the Conservative and Labour conferences entitled Putting insurance back on the side of the consumer.

The talks will include contributions from Heather Wheeler MP, Seema Malhotra MP and MoneySupermarket's managing director David Jones.

Further reading: 

Aegon to leave ABI

The IPT earthquake sending shockwaves to PMI sector

Welfare and NHS changes in Queen's Speech

 

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