Insurers are unprepared for EMU
Insurers are reluctant to make significant investment in preparations for the UK entry to Economic an...
Insurers are reluctant to make significant investment in preparations for the UK entry to Economic and Monetary Union without further clarification from the government.This the finding from a survey of over 100 insurers, conducted jointly by the Association of British Insurers and auditors Ernst & Young.
The report reveals that most insurers are doing little more than initial assessment work for UK entry. Most said they would do no more until the government gives a positive commitment to UK
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