Brexit’s Extra Push To UK’s Insurance Industry
The Opportunities Deriving From The New Trading Framework
According to the framework for future trade deals which has been put together by the Association of British Insurers (ABI), Brexit may present new opportunities for the UK Insurance industry, and long-term savings sector.
The ABI has proposed regulations which will boost international trade economics by allowing firms to more easily move data across borders. This will allow the UK to offer better and competing financial services, in more countries than before.
The ABI has been working closely with members and experienced trade negotiators, with the proposed framework created to easily insert into future deals.
This Brexit news is welcomed within the UK international insurance industry and finance industry, and will help keep London at the forefront of these sectors.