Key British Insurance Regulations To Watch In 2021
Law360, London (January 3, 2021, 5:02 PM GMT) -- The U.K. is braced for the possibility of sweeping change this year as the country crashes out of the European Union, but lawyers believe there is little likelihood of a "bonfire of regulation" in terms of insurance rules.
The government has already started reviewing EU insurance directives. But it will need to balance any drive to make the U.K. an internationally competitive environment for insurance companies to operate, with the goal of policyholder protection.
"I think we'll see more evolution than revolution in our regulatory structures," said Iain Sawers, partner at Pinsent Masons LLP. "I don't think there's any question that...
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