Insurers Face Regulatory Turbulence, Industry Group Says
Law360, London (January 28, 2019, 6:34 PM GMT) -- Implementing Brexit trade agreements will be one of many regulatory challenges dominating insurers’ work over 2019, a trade association said Monday, along with deciphering rules from a competition probe in the wholesale insurance market and complying with a new set of accounting standards.
The International Underwriting Association of London, which represents the City’s company insurance market, said in a release that its members will be busy implementing regulations to put in force agreements between the U.K. and other countries after Britain leaves Europe in March. The U.K. has already inked deals with the U.S. and Switzerland to ensure that its insurance...
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