EU regulation directive to have massive impact.
Professional Broking recently hosted a round table event, inviting insurers to share their views on the future of the broker market. Diane Smyth reports on the issues raised.
The EU directive on regulation will have a huge impact on the UKinsurance industry, according to those present at the Professional Broking
round table meeting.
Passed this year, the directive is expected to become UK law within two
years. Under the directive, each country's insurance industry has to be
regulated by a statutory body - in the UK the only statutory body
currently in place is the Financial Services Authority.
This places further uncertainty over the future of the General Insurance
Stan
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