As the UK parliament continues to wrangle over the best way forward for Brexit, rating agency AM Best said UK-domiciled insurers were “well prepared” for the outcome, “regardless of when or under what terms the UK leaves the EU”. Brexit, AM Best, Part VII transfers, EEA, UK-domiciled insurers, passporting rights, Germany, France, European Insurance and Occupational Pensions Authorit
Rating agency AM Best has said that UK - domiciled insurers were “ well - prepared ” for Brexit , regardless of the conditions under which the UK enters the EU . Despite UK insurers not being able to service existing contracts in certain EEA contracts in the event of a no - deal agreement , the AM Best briefing said impacts will be offset in part by the UK government ’s temporary permission policy . Under the regime , UK insurers will be able to operate in the UK for up to five years after Brexit while applying for regulatory regulatory approval .