| Link(s): | ABI calls for Government to harness commercial insurers to boost economic growth value-of-commercial-insurance-july2026-cmt05eix9004cg9qu4acr7cov.pdf |
Context
The ABI has announced the publication of a new report: “The Value of Commercial Insurance: Enabling growth, innovation, and resilience” which shows how insurers help businesses and organisations of all sizes and sectors manage risk, support jobs and unlock investment across the UK. Commercial insurance plays a critical role in powering UK growth, innovation, and resilience, according to the report.
Key points to note and next actions
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:
- Businesses of all sizes, from SMEs to multinationals, helping them to withstand and build resilience against a wide range of risks through public liability, buildings, or cyber insurance – this protects jobs and supply chains and facilitates investment across the entire economy.
- Sustainability projects in the Teesside and Liverpool Bay areas, where the industry plays a vital role in the delivery of projects – from planning right through to long-term operations. The industry supports thousands of local jobs and is building investor confidence in net zero efforts.
- Festivals, Tower Bridge, and National Trust properties, offering protection against unique risks associated with large events and. historical landmarks – supporting regional growth and the wider tourism and entertainment industries.
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.