Tuesday 8 July, 10.15,
Thatcher room Portcullis House
The Treasury Select Committee will hold a one-off session on the
state of the insurance industry with bosses from four major
firms.
Executives from Admiral, Aviva, AXA and Scottish Widows (part of
Lloyds Banking Group) are set to appear in front of the Committee
for a wide-ranging session.
MPs will be seeking to understand the main challenges, concerns
and opportunities facing the insurance sector and their
customers.
Witnesses may be asked for their view on the current Government's
approach to financial services, including whether they believe
the Mansion House Accord is likely to have the desired effect on
economic growth.
Another area of interest may be how insurance companies are
planning for the impacts of Climate Change-related events on how
they measure risk, and the possibility that certain areas and
circumstances become ‘uninsurable'.
Other topics which may come up include pricing, the Consumer Duty
and the use of artificial intelligence by insurers.
Witnesses
· Alistair Hargreaves, Chief
Executive Officer of UK Insurance, Admiral
· Jason Storah, Chief
Executive Officer of UK General Insurance, Aviva
· Jon Walker, Chief Executive
Officer of AXA Commercial, AXA
· Jeremy Ward, Managing
Director General Insurance, Scottish Widows/Lloyds
Banking
