Preparing For Brexit | A Perspective For The Insurance Industry

The Insurance sector has a high potential exposure to the downside risks of a Brexit. A highly integrated regulatory framework across EU, highly globalised organisations and large balance sheets exposed to market volatility mean that Boards are considering the risks already and investors, analysts and regulators are beginning to focus on where risks may lie.

Our paper on contingency planning for the EU Referendum sets out a framework for thinking through the impact for organisations, recommending the use of specific scenarios to plan for potential consequences without the need to forecast the myriad potential outcomes. This paper supports that, and provides some specific thoughts for the insurance sector, focused on the short term issues that will be considered ahead of the referendum.