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Guernsey Launches Strategic Review Of Insurance Sector

by Jason Gorringe, Lowtax.net, London
15 July, 2016

Guernsey's Government has appointed the international accounting firm PwC to conduct a strategic review of Guernsey's insurance sector. The purpose of the review is to ensure the island is well positioned to take advantage of growth opportunities in this sector over the coming years.

The review recognizes the importance of the local insurance sector, which complements the finance industry, and its role in maintaining and enhancing Guernsey's position as an international finance center.

Peter Ferbrache, President of Guernsey's Committee for Economic Development, said: "We are delighted to have the opportunity to collaborate with PwC on this strategic review so that we can more fully understand the insurance sector and its future opportunities for the island. This collective piece of work will highlight the potential this sector has and, in particular, what Guernsey needs to address to ensure we are well placed to take advantage of and become an even more important player in this space in years to come."

The PwC team are due to meet with the key stakeholders over the coming weeks and any interested parties can contact them, or Guernsey's Finance Sector Development team, to provide input.

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