David Otudeko has been appointed as the new Director of Regulation at the Association of British Insurers (ABI).
Otudeko, who joined the ABI in June 2021 as Assistant Director and Head of Prudential Regulation, has been serving as the interim Director of Regulation since November 2024, following the departure of Charlotte Clark. Before his tenure at the ABI, he gained extensive experience in risk management through roles at the Prudential Regulation Authority (PRA), PwC, and AmTrust.
This appointment comes during a period of significant regulatory changes in the insurance sector, as policymakers seek to strike a balance between fostering growth and competitiveness while maintaining high industry standards.
In addition, earlier this year, the ABI welcomed Cowbell, a provider of adaptive cyber insurance tailored for small and medium-sized enterprises, as a new member. Cowbell leverages AI-driven risk assessment tools to offer cyber insurance solutions designed to help businesses effectively manage their cyber risks.
The ABI represents over 300 member firms and works with the UK government, HM Treasury, regulators, consumer organizations, and NGOs. Its mission is to promote the role of the insurance sector in supporting the economy, while also working to enhance public understanding of insurance and long-term savings. The association collaborates with its members to tackle industry challenges, improve market practices, and strengthen protections for both businesses and consumers.
