Immediately following the Brexit vote, the key question facing insurers with significant EEA business was whether they would need to carry out a Part VII transfer - or whether a deal would be done to make that unnecessary. Two years down the line there is still uncertainty both over the shape of any final deal and the length and nature of any transitional arrangements. It has also become apparent that there are many other complex questions for insurers arising out of the decision of the UK to leave the EU. In this briefing note we consider some of the difficulties facing firms and what we have all learnt since June 2016.
