The report explores how commercial insurers have made major infrastructure projects possible, helped businesses recover from unexpected losses, enabled the transition to net zero, and protected the UK’s most iconic landmarks and events. Examples include cover for:
The report also sets out recommendations for government and regulators to help commercial insurers play an even greater role in supporting growth and resilience across the UK. For example, by engaging insurers earlier in the development of major infrastructure, government can benefit from the industry’s expertise in risk management and build resilience at the heart of these projects. In creating a proportionate and internationally competitive regulatory environment, government and regulators can also capitalise on commercial insurers’ investment potential.
From helping businesses recover from disruption, to supporting tech innovation and enabling major infrastructure, the UK is home to one of the world’s leading commercial insurance markets. As the new government looks to drive growth and embed resilience across the country, there’s a real opportunity to make greater use of the expertise our sector has to offer.
Director of General Insurance at the ABI
Commercial insurance includes a broad category of products designed to protect businesses against a wide variety of risks, from employee injuries and public liability lawsuits to stock and premises damage and business interruption. Commercial insurance can also protect against niche and novel risks like credit risk and cyber threats.
