EU may let UK insurers break law to pay clients after Brexit

Member states likely to choose protecting policy-holders over suing firms, if UK leaves with no deal

scales-people-Getty-new-montage-web.jpg
Risk.net montage

Such is the topsy-turvy world of Brexit that some firms are contemplating a stark choice between potentially breaking the law or betraying their customers. Many smaller UK insurers are opting for the former, gambling their law breaking will not be punished.

The customers in question are based in the European Union. The wrong-doing involves honouring their contracts even if the UK crashes out of the bloc with no deal, meaning its insurers will no longer be automatically allowed to service policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here