The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...

The demand for new insurance products in the UK has experienced important changes in recent years that can be attributed to three major factors. First, demographic changes have created different needs for more tailored products. Second, saving patterns have changed, due to changing economic...

According to the ABI (2003), 806 insurance companies were authorized, either by the UK or by another European Economic Area member to carry on insurance business in the UK in 2002. Of these, 592 could carry on general business only (such as motor, household and commercial insurance), 160 were...

Chapter 1: Introduction -- Chapter 2: Lloyd’s: its history and business practices -- Chapter 3: Lloyd’s people: their social composition and political economy -- Chapter 4: Expansion, scandals and frauds – Lloyd’s in the 1970s -- Chapter 5: The first reforms and public scrutiny --...