We had a great discussion including Julia Graham (Airmic), Praveen Sharma (Marsh) and Mark Cooper (Lloyd’s) at the GVNW Symposium in Munich. With all remaining uncertainty around Brexit, it was the consensus view that the insurance industry, including regulators and legislators, has taken the necessary steps in contingency planning and guaranteeing that policies and obligations will be honoured.
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Contract certainty in insurance post-Brexit
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“The global insurance industry has, where needed, set up operations in EU 27 countries. In short, we are good to go,” said Mr Sharma. “Clients have contract certainty and continuity of cover,” he added.
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