Responding to the news of a recommended Brexit transition deal, ABI Director General Huw Evans said:
“It is a relief to hear that the Government and the EC are recommending a transition deal is agreed at EU Council this week. With annual insurance contracts coming up for renewal it was critical to provide some temporary certainty to insurance customers on issues like driving in the EU and the EHIC. However, we still need to see agreement that EU and UK regulators can fully co-operate during this period so they can begin to solve issues like continuity of insurance contracts."