London re/insurance groups are hopeful that the new UK government will adopt a lighter touch to regulation. Companies believe that more flexible regulations will enhance the insurance sector’s competitiveness and enable the development of innovative solutions. Particularly in the post-Brexit era, such regulations are seen as essential to reinforcing London’s position as a global insurance hub. The insurance industry is looking for government actions that will promote economic growth and support sectoral innovations.
Source and Details: Reinsurance News