Giving insurance a voice: Brexit ‘nightmare’ for industry unless government breaks political deadlock
We are delighted to introduce our latest report – Brexit and the insurance sector: Towards 2020 and beyond – as part of Kennedys’ ongoing commitment to providing key business insights on Brexit and how it is likely to impact on the UK’s insurance sector.
This report builds on the findings of our previous report – The Insurers Speak – which we published in the weeks before the Brexit referendum on 23 June 2016. Once again, in answering what Brexit will mean for the UK’s insurance sector, we have undertaken in-depth interviews with senior insurance executives and policymakers.
Our report in 2016 revealed a range of legitimate concerns if the UK did indeed vote to leave the EU. Two years on, with the UK now well down the road to exiting the EU, many of those concerns remain on the corporate risk agenda.
In response to our findings, we provide recommendations on what UK politicians should do to protect the sector and offer a six-point plan to secure the future of the insurance industry post-Brexit. These six key recommendations will safeguard future investment, talent and innovation.
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