Aviva Chief to Promote Welfare Role
Thursday, January 28, 2010 14:10
Insurers should work with European governments to negotiate a greater role for the private sector in welfare provision and funding long-term healthcare.
Mr. Moss, who runs the biggest insurer in the UK, will tell financial leaders at the Davos summit this week that the sector is well placed to offer the kind of affordable savings and retirement policies that could be used to top up existing state provision. This would help to ease the growing burden on government finances across the Continent.
The boss of Aviva, which is the world’s fifth-largest insurer and operating in 28 countries, said that he would be using Davos to try to tackle some of the long-term issues that have plagued the insurance industry, such as how to encourage a retirement savings culture, improve financial literacy and restore consumer confidence in the financial sector.
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