Insurers won't escape Brexit consequences: Hancock

The insurance industry will not be immune to the tangible
consequences of a UK vote to leave the European Union (EU),
according to minister for the Cabinet Office and Paymaster General
Matt Hancock MP.
Speaking at an EU referendum debate hosted by The
Insurance Insider this morning (18 May), Hancock
warned that the projected fall in the value of sterling, restricted
access to European markets and the uncertainty linked to the
renegotiation of terms would negatively impact the insurance
industry.