Overview of EIOPA's communication to the insurance and pensions sector

BREXIT insurance preparation

The UK transition period according to the Withdrawal Agreement ends on 31 December 2020.

Following this date, all Union primary and secondary law will no longer apply to the United Kingdom, including the Solvency II Directive as well as the Directive on Insurance Distribution (IDD).

The insurance sector needs to be prepared for the consequences of UK and Gibraltar insurance undertakings becoming third-country undertakings and no longer benefiting from the Solvency II authorisation to provide services in the EU.

Below you may find all the communication EIOPA has issued to the insurance and pensions sector in relation to Brexit.