An established EU Insurer needed to establish a UK operation as part of its Brexit contingency planning to allow continued access to its existing book of business.
The Project
Our Solution
We initially provided a roadmap for the client to understand the potential options, transition arrangements and steps available to them during the immediate and longer term timescales within the context of the changing regulatory landscape.
Once completed, a detailed gap analysis of their current operations was undertaken to enable them to prepare for the short and long term operations in the UK post Brexit. Working with them we were able to turn this into a delivery plan and support the implementation of changes required for the immediate post Brexit period.
Continuing support has been provided for the longer term permanent establishment of a UK operations including developing the regulatory business plan and application.
Benefits
Athito deployed an experienced team with deep knowledge of undertaking UK insurer regulatory applications enabling the client to understand the specific UK requirements and deliver a more timely application and operating model.