Two new government groups have been set up to ensure the future security and strength of the insurance industry in the UK.
Chancellor Alistair Darling will chair the groups, which will also involve industry professionals including the chairman of the Investment Management Association Robert Jenkins.
They aim to develop ways of combating challenges which may arise for insurers because of the unstable financial markets, as well as looking at asset management.
Andrew Moss, another co-chair of the insurance group and chief executive of Aviva, said: "I'm delighted to have this opportunity to shape the future landscape of the UK insurance industry."
He also commented that the UK is facing "challenging times".
The groups will meet regularly and all aspects of the insurance value chain will be covered.
Yesterday, the National Association of Estate Agents called for Alistair Darling to suspend stamp duty and give the UK housing market "the boost it needs".
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