Representing the UK’s insurance and long-term savings industry | Contact us

A Brave New World coverIn 2013, for the ABI’s last Biennial Conference, the ABI published ‘Identifying the Challenges of a Changing World’ – an analysis of the key changes likely to impact the industry between then and 2030. The document speculated on political instability, the speed of digital innovation, changing customer behavior, globalisation and changing regulation of the industry – themes that have been ever present since.

'A Brave New World' updates that analysis with nine think pieces from the ABI’s Head of Strategy, Matt Cullen and five ABI Board members, interspersed with segments from the original document that are still relevant. These opinion pieces focus in on a range of future challenges and questions for the insurance and long term savings sector.

This publication is intended to be thought provoking, not definitive. It begins to confront some of the key forward-looking policy challenges the ABI will be taking a lead on over the coming months.

Read the full publication (pdf 2MB) or select a chapter to download below.

Rapid technological change – the ‘digital revolution’

Matt Cullen, Assistant Director, Head of Strategy, ABI 

Think piece 1: Disruption through Digital – The Impact of the Digital Revolution on the Insurance Business Model & Think piece 2: The Inexorable Rise of Cyber Risk (pdf 329kB)

Global convergence: an increasingly inter-connected and balanced global economy

Andy Parsons, Finance Director, Insurance, Lloyds Banking Group & ABI Prudential, Financial and Taxation Committee Chairman and Steven Findlay, Policy Adviser, Prudential Regulation, ABI

Think piece 3: Growth and Regulatory Disruption in a Globalising Insurance Market (pdf 238kB)

Political challenges

Seth Williams, Assistant Director, Head of Public Affairs, ABI and Matt Cullen, Assistant Director, Head of Strategy, ABI 

Think piece 4: A New Kind of Politics and Its Implications for Our Sector (pdf 381kB)

The ageing society and paying for life after work

Barry O’Dwyer, Managing Director, Corporate, Retail & Wholesale, Standard Life & ABI Long Term Savings Committee Chairman and Matt Cullen, Assistant Director, Head of Strategy, ABI

Think piece 5: Personal Responsibility – The Tension at the Heart of Pensions Policy, and How to Resolve It (pdf 238kB)

Welfare reform

Gary Shaughnessy, CEO UK Life, Zurich & ABI Protection Committee Chairman and Charlie Campbell, Policy Adviser, Protection and Health, ABI

Think piece 6: The Shrinking State – Insurers’ Growing Role in Workplace Welfare (pdf 250kB)

Industry reputation

Paul Evans, Group CEO, AXA UK & ABI Chairman and Matt Cullen, Assistant Director, Head of Strategy, ABI

Think piece 7: Regaining and Strengthening Trust in the Insurance and Savings Sector (pdf 325kB)

Insurers, risk assessment and the availability of insurance

Matt Cullen, Assistant Director, Head of Strategy, ABI

Think piece 8: Sharing Risk or Smoothing Bad Luck – What is Insurance Really All About? (pdf 205kB)

Insurers’ role in sustainable economic growth

Maurice Tulloch, CEO, Aviva UK & Ireland General Insurance & ABI General Insurance Council Chairman and Matt Cullen, Assistant Director, Head of Strategy, ABI 

Think piece 9: A Step Change in Green Investment (pdf 450kB)