Brexit Uncertainty For UK Life Insurers

U.K. life insurers are less optimistic in their outlook because of uncertainty over Brexit, the Confederation of British Industry has said, according to a study by the industry lobby group and auditor PricewaterhouseCoopers.

Andrew Kail at PwC says, “The UK will continue to be a leading financial centre, but political uncertainty and the on-going wait for an agreed Brexit blueprint are fuelling more questions about companies’ futures. In response, firms continue to fine tune their contingency plans, which include options for establishing operations in the EU27 and ensuring they are adequately resourced.

BREXIT & Insurance News

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