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PwC: UK Insurance Firms Should Embrace US-UK Trade Deal
2025-05-12 /
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Author：小编
On May 12, Alex Bertolotti, the head of PwC's UK insurance industry practice, remarked that UK insurance companies are likely to view the US-UK bilateral trade agreement favorably, as it has the potential to mitigate secondary impacts on supply chains and claims costs. Last Thursday, President Trump and British Prime Minister Starmer announced a limited trade deal, maintaining a 10% export tariff on British goods but reducing the US export tariff on UK automobiles. Bertolotti emphasized that while insurance firms may not be directly affected, they will welcome the reduction in secondary supply chain impacts and cost savings, which could potentially lead to lower premiums and benefit consumers.
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