D. Rasshyvalov, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine BREXIT FALLOUT FOR BRITISH AND WORLD INSURANCE MARKET: OPERATIONAL AND INSTITUTIONAL ASPECTS

This paper studies the fallout of Brexit for insurance industry through a lens of future decisions to be made on the format and mechanism of this process. The operational and institutional aspects are analyzed, with focus on the leading role of the London insurance market in the formation of the capacity of the global insurance market and its dependence on the cash flows of other regional and national insurance as well as financial markets.

Keywords: Brexit, world insurance market, London market, deinternationalization of insurance.

Date of submission 13.07.2017

DOI: https://doi.org/10.17721/1728-2667.2017/194-5/4

References

  1. All eyes on financial sector as Brexit begins//The Banker Editorial. – 2017. – March 27. Available at: http://www.thebanker.com/Comment- Profiles/Leaders/All-eyes-on-financial-sector-as-Brexit-begins/(language)/eng-GB.
  2. The City UK. 2017. UK-based financial and related professional services: Enabling growth across the UK. Available at: https://www.thecityuk.com/research/uk-based-financial-and-related-professional-services-enabling-growth-across-the-uk
  3. Giles, Ch., Tetlow, G., 2017. Most economists still pessimistic about effects of Brexit//FinancialTimes.- January 07.- 2017.
  4. Barker, A.,Giles, Ch., 2017. Hard or soft Brexit? The six scenarios for Britain//FinancialTimes.- June 23.- 2017.
  5. Full Fact. 2017. Everything you might want to know about the UK’s trade with the EU. Available at: https://fullfact.org/europe/uk-eu-trade
  6. Roberts, , 2017. New      customs union with      EU after     Brexit is     still an option       //The Gurdian.- July 02.- 2017. Available at: https://www.theguardian.com/politics/2017/jul/02/new-customs-union-with-eu-after-brexit-is-still-an-option-analysts-say
  7. Dhingra, S., Sampson, T., 2016. Life after Brexit: What are the UK’s options outside the European Union? Available at: cep.lse.ac.uk/pubs/ download/brexit01.pdf
  8. House of Commons. 2013. ‘Leaving the EU’, Research Paper 13/42, 1 July 2013. Available at: http://researchbriefings.files.parliament.uk/documents/RP13-42/RP13-42.pdf
  9. European Commission. 2017. CETA chapter by chapter. Chapter 13 – Financial services. Available at: http://ec.europa.eu/trade/policy/in- focus/ceta/ceta-chapter-by-chapter
  10. London Market Group.A Brexit roadmap for the UK specialty commercial insurance sector. Available at:https://www.londonmarketgroup.co.uk/lmgbrexitroadmap
  11. Her Majesty Government Policy Paper. 2017. The United Kingdom’s exit from and new partnership with the European Union. – p.42. Available at: https://www.gov.uk/government/publications/the-united-kingdoms-exit-from-and-new-partnership-with-the-european-union-white-paper
  12. Lloyd’s of London. 2017. Lloyd’s plans in Europe. [Електронний ресурс]. Available at: https://www.lloyds.com/news-and-insight/lloyds-plans- in-europe

Download