The ABI today said it welcomed many of the recommendations of the Morris Review of the Actuarial Profession.

But the body questioned the role of actuaries in overseeing risk management within general insurance.

Peter Vipond, director of financial regulation and taxation at the ABI, said, “We fully support the Review's proposal that the Financial Reporting Council (FRC) will have responsibility to set standards and oversee the actuarial profession.

“Any future changes to risk management processes in general insurance companies should require the involvement of an approved person with the relevant skills. But the case for insisting that such a person is an actuary is far from proven.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.