Commercial Risk Europe: Risk managers urged to plug Brexit mitigation gap

24 June 2016

AIRMIC is concerned that many UK companies have not made contingency plans for Brexit and said the issue must now become a priority. It has laid out key steps to help risk managers and their firms tackle the UK's withdrawal from the European Union.

Insurance and broking associations across Europe, meanwhile, have urged governments to move swiftly to negotiate UK exit terms and the country's future relationship with Europe. [...]

UK risk and insurance management association, Airmic, noted today that a study by the CBI, prior to the referendum, revealed that only 50% of FTSE companies had made contingency plans for Brexit. The study revealed "significant variance" in the level of preparedness between sectors, with financial services well advanced but others with "some way still to go".

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