UK - Brokers risk being cut off the EU market
Thursday, 06 08 2017, Category: Insurance and Reinsurance, Country: United Kingdom
As it is more likely than not that the UK will leave the EU without any alternative arrangements in place, UK brokers are at risk of losing access to the EU market, according to specialist law firm Carter Perry Bailey.
Currently, similarly to insurance companies, insurance intermediaries with headquarters in the UK, and authorised and regulated by the Financial Conduct Authority of the UK, have the right to provide services as an intermediary across the single market.
Source: Intelligent Insurer