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  About Market Reform   More Information
 

 

The market reform programme is aimed at identifying the inefficiencies in London ’s processes and developing solutions that will help firms to deliver a more competitive service. We believe that delivering efficiency gains is an important element in ensure London’s competitiveness on the global commercial insurance stage. The goal of the Market Reform Group is to ensure that London is the market of choice for insurance risks.

To reform a market requires all firms to act with some degree of consistency of direction. The reform programme exists because delivering the change proposed will lead to a larger, more profitable market for everyone. It makes sense from the point of view of customers, shareholders and employees to co-operate to build a vibrant, growing market that we can then all compete over. A slice of a bigger pie is more valuable than the slice of a smaller one.

More detail on the rationale behind the reform programme, what progress has been made and the plans for 2008 and beyond is available on our "Introduction to market reform" pages