Autumn Statement 2022: Industry reaction

"Struggling families have little insight into what help might be available"

Hemma Visavadia
clock • 3 min read

The protection and health insurance industry reacts to yesterday's Autumn Statement, which included revisions to the government's plans for energy bill support, NHS fundings, Solvency II reforms and social care cost caps.

Dr. Sneh Khemka, chief executive at Simplyhealth said that despite the additional funding announced "it's clear that the NHS will remain under considerable financial strain for some time, and over the next few months will also have to face into winter pressures." "This means that emergency and inpatient care will have to be prioritised, and outpatient services will be necessarily compromised," he warned.  Meanwhile, Amanda Blanc, group chief executive of Aviva, said that yesterday's Autumn statement was a "very welcome boost for UK investment." "We estimate reforms to Solvency 2 wi...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

What's the point of panels?

What's the point of panels?

Panels’ impact on customer choice

Alan Lakey
clock 04 April 2025 • 4 min read
Professional Skills: Why clients don't buy insurance for the freebies

Professional Skills: Why clients don't buy insurance for the freebies

Focus on outcomes not add-ons

Ash Borland
clock 01 April 2025 • 2 min read
Gallagher joins amii

Gallagher joins amii

Employee benefits consulting

Jaskeet Briah
clock 31 March 2025 • 1 min read