Martin Shaw: What will Brexit mean for UK insurance?

'Business as usual'

clock • 3 min read

Martin Shaw, AFM chief executive, explores the impact Brexit is likely to have on the UK insurance industry

It's business as usual for now, but by the end of the year we need to have a lot more clarity about how rules and regulations will evolve. While there are certainly more questions than answers at the moment, there are also many things we know won't change. The insurance industry, for example, has been much less likely to see cross-border transactions compared to the banking or the asset management sector. This means consumers will generally carry on seeing continuity of cover, as well as service and support from the same UK location. If they are one of the 10 million customers of Associa...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: Consumer Duty changes, a new protection club and healthcare updates

The COVER Review: Consumer Duty changes, a new protection club and healthcare updates

Week commencing 29 September 2025

COVER
clock 03 October 2025 • 1 min read
FCA to streamline Consumer Duty requirements

FCA to streamline Consumer Duty requirements

Regulator to consult on changes to rules in H1 2026

Sahar Nazir
clock 01 October 2025 • 2 min read
Firms face challenges producing Consumer Duty board reports: CII

Firms face challenges producing Consumer Duty board reports: CII

Data is a key roadblock

Cameron Roberts
clock 26 September 2025 • 2 min read