New research has suggested that insurers are happy to provide premium discounts to companies that have business continuity plans in place.
The joint survey by the British Insurance Brokers’ Association (Biba) and the Cabinet Office found that 83.3% of insurers questioned would give a discount or improve terms to a business interruption...
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Brokerbility chairman appeals for calm and says brokers need to watch how the insurers will react.
Chris Cowan at market research specialist Clusters outlines five things brokers can do to better understand their clients.
The loss of these rights could see insurers being forced to restructure and face large operational, regulatory and tax costs as they adapt to such a change.