In response to the ongoing coronavirus pandemic, UK insurance industry leaders have come together to form a steering group. The group has the central objective of ensuring that, by working alongside the sector to support customers and communities in the current crisis, the industry can strengthen its response to future pandemics. The first group meeting was held last Friday (April 17, 2020) to agree its objectives.
Chaired by Stephen Catlin (Chairman and CEO), the group currently includes: Maurice Tulloch (CEO, Aviva), Stephen Hester (CEO, RSA), Julian Enoizi (CEO, Pool Re), Nick Frankland (UK CEO Reinsurance Solutions, Aon), James Nash (CEO, International, Guy Carpenter) and James Kent (CEO, Willis Re). More participants will be invited to join in due course.
Discussing the creation of the steering group, Catlin said that the insurance industry needs to be on the front foot in the current situation, paying claims quickly and continuing to provide people and businesses with the protection they require.
“Most importantly,” he said, “we need to find an industry solution for future pandemics and this group has many years of combined industry experience.”
The main role of the group is to propose an industry response to both the government and the country. It was stated that Pool Re will work closely with the steering group to provide structural recommendations.