UK and EU Passporting Insurance Markets 2018-2019

With over 200 pages of critical insurance business intelligence, this new market research report looks at what the future means for insurers and brokers operating in or planning to operate in the UK and Europe. UK regulators demand that every UK insurer now doing business in the EU/EFTA - whether by passport or local subsidiary- and every EU/EFTA insurer doing business in the UK on a passport or full basis - must show them their contingency plan that covers all options including the nuclear one of a UK exit with no deals. Other European regulators are following suit. EU regulators have made it plain that they will not accept post-box companies where control remains elsewhere.A key loss resulting from the UK's exit in 2019 is its exclusion from the single market. This will impact insurance businesses in the UK that will lose their right of direct access to the single market, and EU insurers will lose their right of direct access to the UK. Will YOU trust politicians to do a deal - that...

With over 200 pages of critical insurance business intelligence, this new market research report looks at what the future means for insurers and brokers operating in or planning to operate in the UK and Europe.

UK regulators demand that every UK insurer now doing business in the EU/EFTA - whether by passport or local subsidiary- and every EU/EFTA insurer doing business in the UK on a passport or full basis - must show them their contingency plan that covers all options including the nuclear one of a UK exit with no deals. Other European regulators are following suit. EU regulators have made it plain that they will not accept post-box companies where control remains elsewhere.

A key loss resulting from the UK's exit in 2019 is its exclusion from the single market. This will impact insurance businesses in the UK that will lose their right of direct access to the single market, and EU insurers will lose their right of direct access to the UK. Will YOU trust politicians to do a deal - that suits insurers, or take action to protect your business?

There will be two parallel but not identical sets of laws - in the UK and in the EU/EFTA countries. Any UK insurer or broker doing business in the new EU/EFTA block will be subject to all the laws and rules in that region such as on solvency, insurance regulation and competition - plus the UK rules on solvency, insurance regulation and all other regulation that will diverge from EU rules.

Countries:

EU/EFTA Citizens:

Key Topics Covered:

PASSPORTING:

REGULATORS AND TRADE BODIES:

Association of Insurance and Risk Managers

BaFin

Bank of England

British Insurance Brokers Association

Central Bank of Ireland

Chancellor

European Insurance and Occupational Pensions Authority

European Securities and Markets Authority

EU Financial Affairs Committee

Financial Conduct Authority

Insurance Europe

Insurance Ireland

International Group of Protection & Indemnity Clubs

International Monetary Fund

International Regulatory Strategy Group

International Underwriting Association

London and International Insurance Brokers Association

London Market Group

Prudential Regulation Authority

TheCityUK

Treasury

Treasury Committee of the House of Commons

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/smcvtv/uk_and_eu?w=5

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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