In the old and too familiar phrase, it must never happen again. With every financial scandal, every insurance company collapse, that old mantra is trotted out. This time, let's make it become real. Let's learn from this experience, putting in place the safeguards that should have been there this time.
Insurance Times is committed to putting time, money and resources into a campaign to overhaul the regulation of the industry. We're not looking to impose costly regulatory burdens on an industry which mostly runs itself well. Our aim is to stop rogue companies damaging themselves, their employees, their policyholders and the industry at large. Overleaf, we set out the failures which led to Independent's collapse – failures on the part of the directors, the auditors, the actuaries, the analysts, the ratings agencies and the regulators. The Insurance Times campaign objectives will, we believe, radically reduce the chance of another company following Independent's destructive route.
We need your support. Email our Regulation Overhaul Campaign (firstname.lastname@example.org) with ideas, suggestions and your knowledge of events leading to the Independent collapse. All information will increase the chances of success. Please, give us and the industry your support.
Support us: write to Insurance Times or email email@example.com.