American insurers can be forgiven for feeling a sense of déjà vu as they watch their colleagues across the pond scramble to prepare for Brexit implementation long before the terms of the United Kingdom's withdrawal from the European Union are finalized, given our own country's experience with the Department of Labor's fiduciary rule.
In each case, once the wheels of regulatory change were set in motion, the exact details or timing of how the transition would be executed by government officials didn't seem to matter all that much. What was important was for insurers to move quickly to mitigate any potential competitive disadvantages that might result, and be in position to capitalize on the advantages of being an early adapter.
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