FCA publishes Brexit guidance for general insurance firms

Brexit

The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.

The Financial Conduct Authority (FCA) has urged all general insurance organisations to make the necessary changes to protect customers from the negative impacts of leaving the EU.

It has published updated guidance for general insurance firms in finalising their preparations to assist with as smooth a transition as possible when the UK leaves the EU.

A key focus for the sector is minimising the disruption for European Economic Area (EEA) based customers and risks, in a no-deal Brexit. There may

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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