OK, it might still happen, we may exit the EU’s regulatory orbit. Highly unlikely given the money, power, constant legal actions and relentless media campaigning on the Remain side. Then there are the mundane compliance issues involved in selling insurance globally, rather than locally.
Why would the UK ignore EU GDPR, claims compensation, distance selling or a slew of other rules in the longer term and create a two-track insurance market? It makes absolutely no sense. That’s why IE says, we are never actually leaving, but anyway, just in case politicians settle the issue with a Harry Hill style fight, BIBA are on the case..
After touring the UK with their Brexit roadshows, the British Insurance Brokers’ Association (BIBA) has launched a Brexit site.
With the prospect of a no-deal still a potential, the impact on many firms could be significant. So, to help brokers understand where they may have exposures to a no-deal Brexit and to help with steps that may need to be taken to mitigate those where possible, BIBA has launched a mini-site full of information.
Steve White, BIBA Chief Executive says “We’re very excited to launch our new Brexit guide, hoping to help brokers from all firms navigate Brexit. We’re grateful for the support of experts KPMG in helping to create this useful tool. In these uncertain times it’s important that us as a membership organisation lead the way in terms of guidance for all.”
Visit the BIBA Brexit hub here: https://bibabrexitguide.org.uk/