‘There’s no point looking backwards’ at industry’s BI woes says economic secretary

By Insurance Times 2021-03-08T08:33:00

The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances

The insurance sector has to put its troubles surrounding the FCA’s business interruption (BI) test case behind it and “move forward” to “improve that relationship and the reputation of the industry”, said conservative party politician and economic secretary to the Treasury John Glen.

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