The British Government has set up a new industry group to focus on the long-term needs of the insurance and investment industry.

The insurance working group will represent the life, general, reinsurance, wholesale, consultancy and distribution sectors. It will cover all aspects of the insurance value chain, including the challenges and opportunities that the UK insurance industry will face over the next 10 to 15 years.  

While the economy is currently facing challenging times, co-chair and Aviva CEO Andrew Moss says the group will increase its learning and opportunities in the financial services sector to  “shape the future landscape of the UK insurance industry”.