Insurance
Updated 5 November 2019
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UK-Switzerland Agreement on Direct Insurance other than Life Insurance and Decision
Description
This agreement ensures continuity of the effect of the EU-Swiss agreement, which makes it easier for insurance firms to operate in each other’s markets.
Will this agreement or arrangement be in place in a no-deal scenario?
Will be in place
Additional Comments
Agreement signed on 25th January 2019 and completed Parliamentary scrutiny process on 11th March 2019. For further information please see agreement text
Lead Department
HM Treasury
Country
Switzerland
Source
- Agreement between the European Economic Community and the Swiss Confederation concerning direct insurance other than the life insurance - Protocol n° 1: the solvency margin - Protocol n°2: the work programme - Protocol n°3: relation between the ECU and the Swiss franc - Protocol n°4: Agencies and branches falling within the competence of companies the registered office of which is located out of the territories to which this agreement is applicable. Decision No 112018 of the EU-Switzerland Joint Committee of 3 July 2018 amending the Annexes and Protocols to the Agreement between the European Economic Community and the Swiss Confederation on direct insurance other than life assurance.
UK-US Agreement on Prudential Measures regarding Insurance and Reinsurance
Description
This agreement ensures continuity of the effect of the EU-US Agreement for the UK-US context, reducing burdens on insurers and reinsurers while maintaining prudential standards.
Will this agreement or arrangement be in place in a no-deal scenario?
Will be in place
Additional Comments
Agreement signed on 18th December 2018 and completed Parliamentary scrutiny process on 27th February 2019. For further information please see agreement text
Lead Department
HM Treasury
Country
United States
Source
- Bilateral Agreement between the European Union and the United States of America on Prudential Measures regarding Insurance and Reinsurance.
DEFINITION OF CATEGORIES
Will be in Place
Agreement ready to enter into force on day one of exit, or only administrative or domestic implementation steps outstanding in order for agreement to enter into force on day one.
Expected to be in Place
Agreement on track to be in place for day one, and may have been initialled or agreed in principle, but some steps, such as signature or ratification, remain outstanding.
Engagement Ongoing
Discussions are ongoing with the third country.
Not Expected to be in Place
Existing obstacle(s) to the finalisation of text, signature, or ratification that is unlikely to be overcome in time for day one entry into force.
Will Not be in Place
Not possible to conclude for day one. In some cases, the agreement will nonetheless be in place shortly after day one.