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Brexit hampering insurers' growth prospects: Report

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A report by U.K.-based consultancy firm PricewaterhouseCoopers International Ltd. and the Confederation of British Industry found that Brexit-related uncertainty is hampering local insurers' growth prospects, Independent reported. The report said that general insurers' business grew at a “fairly tepid” pace. The report added that financial firms' top concerns are location planning, people movements and client retention despite the extra time afforded by the transition period.

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