The Association of British Insurers (ABI) has released its 2026-28 strategy, which includes tracking the industry's £100 billion commitment to invest in UK assets contributing to economic growth and the net zero transition over the next decade.
The plan, which also centres on building sector trust and promoting an effective market framework, follows the trade body's 2023-26 strategy that focused on the same three pillars.
According to the ABI's Annual Report 2025, that period saw impact "from influencing policy and regulatory change to championing workplace wellbeing and accelerating investment in UK infrastructure."
Under the new strategy's investment pillar, the ABI reported that £10.9 billion was invested in UK productive assets in 2024 alone.
The £100 billion pledge was made under the Mansion House Accord, a voluntary initiative jointly led by the ABI, the Pensions and Lifetime Savings Association and the City of London Corporation.
The early progress follows a governance restructure announced in January 2026. According to the ABI, the changes give greater decision-making authority to product-level boards, which will now determine all policy matters in the markets they represent.
Read more: ABI overhauls governance structure
A newly established Pensions Insurance and Investment Board (PIIB) will oversee efforts to monitor the £100 billion commitment. The board will also handle defined benefit pensions policy, annuity investment and the bulk purchase annuity market. Just Group CEO David Richardson has been appointed to chair the PIIB.
On trust, the ABI said it would continue efforts to improve public understanding and confidence in insurance and long-term savings products, pointing to recent initiatives including an updated flood guide, storm advice resources and a new insurance guide for small and medium-sized enterprises.
The strategy document noted that emerging risks are placing greater pressure on households, businesses and infrastructure. The ABI said it would work with communities on extreme weather preparedness and form partnerships focused on health and productivity.
Regarding market effectiveness, the trade body said it would collaborate with members and regulators to streamline processes and reduce duplication within a proportionate regulatory framework.
ABI director general Hannah Gurga (pictured above) said the strategy centres on helping people feel more secure, adding that it provides "a clear direction and a practical plan" to help the industry offer stability "in a world that's becoming less predictable."
