Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Brexit contract, data issues on regulatory radar
- 10 October 2017
Contract continuity and data issues arising from Brexit are climbing up regulators' priority list even as doubt remains about any transition period after the UK leaves the EU in March 2019.
Insurers and their representatives, including the London Market Group, have long argued that Brexit would stymie their ability to service contracts unless special arrangements are made.
Outbound carriers writing risk in the EU will be particularly affected, since UK law differentiates between "effecting" and "carrying out" insurance contracts, allowing...
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