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Moving Towards Brexit
Preparing for Uncertainty
While the deadline may still be in question, Brexit has been etched in United Kingdom (UK) consciousness as a moment in time that will fundamentally change the UK as we know it.
"Brexit day" is when the UK will leave the European Union (EU) and embark on a journey that will impact the make-up of its citizens, how it trades with the EU, and what rules and laws it needs to adhere to in relation to the EU.
The arrangements we have in place ahead of Brexit day — whether a "Withdrawal Agreement" or no deal at all — will determine how much time we have to prepare for these changes.
At time of publication, UK and the European Union (EU) have agreed on an extension to Article 50, until 31 October 2019.
With all of the uncertainty surrounding Brexit, it is imperative that businesses keep their eyes on the potential impact that Brexit will have on risk and insurance issues.
There are some key areas companies should be considering, including:
- Market volatility.
- Material change in risk.
- People issues.
- Passporting issues.
- Changes in the legal and regulatory environment.
Companies should have strategies in place to address the various outcomes over the coming weeks, and a clear plan for a "No Deal" Brexit eventuality, as a "No Deal" Brexit allows for no transition period at all.
Brexit Risk Insights
Risques liés au capital humain et Brexit
L’incertitude à laquelle les organisations doivent faire face dans les différents scénarios de Brexit s’étend à leur stratégie de main-d’œuvre, en particulier en ce qui concerne la disponibilité des talents, et est particulièrement importante dans les secteurs qui ont beaucoup recours aux travailleurs migrants.
Read more
Brexit Challenges for Construction Companies Include Talent, Material, and Funding
With the precise terms of the UK’s departure from the EU still unclear, businesses have been left in a swirl of uncertainty. How will it impact the construction sector?
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Comment le Brexit va-t-il modifier les profils de risque dans l’industrie de la vente au détail, de l’alimentation et des boissons?
Face à l’incertitude qui règne autour du Brexit, de nombreuses entreprises du secteur de la vente au détail, de l’alimentation et des boissons modifient leurs stocks et leur logistique.
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Conduite à l’étranger et documentation sur la police d’assurance automobile en cas de Brexit « sans accord »
Bien que l’état de la situation du Brexit reste incertain, tant qu’il existe une possibilité de Brexit sans accord, les entreprises doivent continuer à planifier sur cette base.
Read more3 Areas of Focus for Risk Managers
With the UK vote to exit the European Union (EU), risk managers need to be aware of three critical areas post-Brexit. Learn more about them in our full infographic.