Brexit And The Insurance Industry

It is possible that in less than two months' time the UK will have voted to leave the European Union. Brexit would have significant regulatory implications for insurance industry participants (whether based in the UK or elsewhere in the European Economic Area (EEA)) and result in a lengthy period of considerable uncertainty while negotiations were undertaken over the terms on which it would take place. It would also have potentially serious short and longer term consequences for industry participants (particularly but not exclusively those based in the UK), the nature and extent of which would depend considerably on the nature of post-Brexit UK access to EU markets (and vice versa).