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390613

registered interest
date	16/07/2015
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Nuclear Power Stations: Insurance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the United Kingdom and European insurance markets, or elsewhere, to meet the requirements of the operators and contractors of planned nuclear power stations in the United Kingdom.
tabling member printed	Lord Foulkes of Cumnock
uin	HL1553
answer	answer is ministerial correction date of answer 12/08/2015 answer text <p>Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators’ third party liabilities, including for planned nuclear power stations in the United Kingdom. At present there is predicted to be sufficient capacity in the market, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.</p><p> </p> answering member printed Lord Bourne of Aberystwyth question first answered 12/08/2015 14:34:32 answering member 4282 label Biography information for Lord Bourne of Aberystwyth
tabling member	579 label Biography information for Lord Foulkes of Cumnock

390614

registered interest
date	16/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance Companies: Competition
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their assessment of whether the United Kingdom insurance markets are promoting competition and the best price for customers.
tabling member printed	Lord Foulkes of Cumnock
uin	HL1554
answer	answer is ministerial correction date of answer 27/07/2015 answer text <p>The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. That is why we have given the Financial Conduct Authority (FCA) an objective to promote effective competition in the interest of consumers. The FCA regulates the conduct of financial markets so that they work well and consumers get a fair deal.</p><p> </p><p> </p><p> </p><p>We have also created the Competition and Markets Authority (CMA) to oversee competition in markets including the insurance industry. The CMA promote competition for the benefit of consumers, both within and outside the UK and their aim is to make markets work well for consumers, businesses and the economy.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 27/07/2015 15:48:21 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	579 label Biography information for Lord Foulkes of Cumnock