Insurance EuropeInsurance Europe

On 31 January 2020, the United Kingdom (UK) will leave the European Union.

Once the UK has left the EU, it will no longer be directly covered by the EU’s regulatory framework for financial services. This framework currently allows a substantial number of EU27-based consumers to access financial services products in the UK, and vice versa.

As there is currently no clear view of the future relationship between the EU27 and the UK, there is considerable uncertainty for businesses that offer cross-border contracts.

Therefore, Insurance Europe is calling for both the EU and UK to take steps to limit any disruption that Brexit could cause to insurers and their customers.

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Olav Jones
Olav Jones
Deputy director general/Director, economics & finance