Legislation
New passporting agreement with EU ‘will be straightforward’
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Blog: Don't rest on your SIMR laurels
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future…
C-Suite Insurer: Ageas' François-Xavier Boisseau on why the Insurance Act will be a giant leap for insurance
Commercial insurance law is entering a new era of clarity
Zurich, Vnuk and broker commission in the news; new Airmic chair interviewed
Insurance news and Post exclusives of the past week, in case you missed it
Proposed changes to key EU motor directive praised but work continues for industry
The European Commission's third option to change the definition of vehicles in the Motor Insurance Directive is the UK industries preferred option but lobbying by trade bodies needs to continue to ensure this outcome.
North of the Border: Key differences on the Insurance Act
The landscape of Scottish law will feel quite familiar to someone who deals primarily in English law but can be a trap for the unwary where it differs
EC looks to define 'motorised vehicles' in MID to solve Vnuk exemptions
The European Commission is considering reviewing the definition of motorised vehicles in the Motor Insurance Directive to help avoid the need for vehicle exemptions following the Vnuk ruling.
Legal Update: The ins and outs of opting out
New provisions in the Consumer Rights Act 2015 allow opt-out collective actions
Airmic 2016: Risk managers concerned about broker conflicts of interest Airmic survey finds
Risk managers are increasingly worried about broker conflicts of interest and broker-controlled capacity according to the annual Association of Insurance and Risk Managers survey.
Airmic 2016: Airmic publishes fair presentation clause
Airmic has published a clause to protect policyholders who innocently breach the duty of fair presentation introduced in the Insurance Act.
Digital: Snooping in the age of social media
The access that private and public bodies have to our personal data has been a continual point of debate in the electronic age and the current passage through the Houses of Parliament of the Investigatory Powers Bill is a case in point
C-Suite Insurer: LV's Euros Jones on why commercial insurance needs agility
Insurers must strengthen broker relationships and adapt their solutions for customers in order to survive
Blog: Enterprise Act - how other jurisdictions have dealt with late payments
The absence of a right to damages for late payment of claims in English law was based upon a legal fiction that the insurer's obligation is to hold the policyholder harmless against the insured peril, and any recovery under the policy constitutes damages…
Blog: Loss adjusters must get ready for new insurance contract law
The Enterprise Bill received royal assent on 4 May and the Insurance Act comes into force in August, both with the proclaimed aim to bring insurance contract law up to date and provide greater clarity for all customers
Interview: Clive Clarke, Airmic
Incoming Airmic chair Clive Clarke talks to Burhan Khadbai about his journey to the role and the key issues facing the risk management and insurance communities
In Depth - Brexit: What would a Brexit mean for the insurance industry?
The issue of the referendum has stirred debate – but what’s at stake?
Blog: New minimum wage increases retail's exposure to claims
The new minimum wage brings new risks to the retail sector, increasing premiums, exposure to claims and reputational risks
Blog: Insurance contract law reform concludes with a bang, not a whimper
There is a crescendo building as we near the end of this 10-year journey to bring insurance contract law into the 21st century.
CJCA s57 fundamentally dishonest ruling sends 'strong message' to fraudsters
The first fundamentally dishonest ruling under section 57 of the Criminal Justice and Courts Act 2015 will act as a significant deterrent to potential fraudsters, according to the Association of British Insurers and law firm Horwich Farrelly.
C-Suite Broker: Marsh's Charles Beresford-Davies on the importance of communication around the Insurance Act
With the implementation of the Insurance Act imminent, insureds are already attempting to seize the opportunity to gain the benefits
Riot cover to continue as standard as Act gets Royal Assent
Property insurers will continue to include riot damage cover as standard after lobbying by the Association of British Insurers contributed to the government introducing a £1m per claim limit in the Riot Compensation Act 2016.
C-Suite Insurer: Covéa's Adrian Furness - Standing up for customers
I’m concerned that as the debate about the latest whiplash reforms gets louder (I’m being polite), the most important person in the process is being forgotten - the customer
SRA warning notice on PI fraud ‘a marker in the sand’
The warning notice on potential fraud in personal injury cases issued by the Solicitors Regulation Authority on 21 March is a vital move and serves a clear function to remind lawyers of their duties to address the issue, according to legal commentators.
Europe: Market realities could trump cross-border aims
Although the European Commission is considering moving cross-border barriers for insurance sales, detractors are making their voices heard.