The Euro vision
The Insurance Mediation Directive and the proposed Environmental Liability Directive and Fifth EU Motor Directive mean the European Union is making its presence felt in the UK insurance industry. Sophie Timms looks at how brokers and insurers can adapt to new legislation
The European Union has long been viewed with suspicion in the UK, with Brussels blamed every time an unpleasant piece of legislation comes up. However, legislation does not appear from nowhere. It has usually been in the pipeline for some time.
The EU has been passing laws since its inception in the 1950s and has been impacting UK legislation since the UK joined the Common Market in 1974. There have been directives in the insurance field for many years, as well as life and non-life insurance
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