UK insurance industry told to expect long-lasting damage
BOILER-PIPE: 25 February 2019 - 20:49 Noor Zainab Hussain Picture: 123RF/andreykuzmin Bengaluru — The Association of British Insurers has warned that if Britain leaves the EU without a deal, it could cause long-lasting damage to the UK insurance industry.
” Insurance market The UK is the largest insurance market in Europe, the fourth-largest in the world, and employs over 300,000 people in Britain. Evans said World Trade Organisation rules, which would replace those from the trading bloc in the event of a no-deal Brexit, do not guarantee market access for the services which make up four fifths of the UK economy.
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