What BREXIT Means For Insurers And Brokers In The UK, EU & EFTA

The Prudential Regulation Authority has given insurers a 14th July 2017 deadline for firms to provide confirmation they have a worse-case scenario plan for trading with the European Union post-Brexit.

For those UK insurers, EU insurers, brokers and agents selling- or planning to sell- into the UK and/or European markets; BREXIT is a legal and logistical nightmare. 

UK regulators have demanded that every UK insurer now doing business in the EU/EFTA - whether by passport or local subsidiary- and every EU/EFTA insurer doing business in the UK on a passport or full basis -must show them their contingency plan that covers all options including the nuclear one of a UK exit with no deals.

More details…

BREXIT & Insurance News

Log in