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Insurance

20 November 2018
Celia Jenkins Motor insurance – recent regulatory changes

India - Tuli & Co

The Insurance Regulatory and Development Authority of India recently introduced changes to the regulations governing motor insurance in India. Under the Motor Vehicles Act 1988, insurance cover for third-party liability is mandatory for all motor vehicles at the time of purchase. However, until recently, this third-party liability insurance had a mandatory one-year cover term and had to be renewed by the policyholder each year.

Authors: Celia Jenkins, Anuj Bahukhandi
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Paul Lewis Brokers' negligence – guidance on scope of duty and causation

United Kingdom - Herbert Smith Freehills LLP

The High Court recently considered a negligence claim against an insurance broker which had arisen out of a fire at a waste recycling facility. In its decision, the court provided a useful recap on brokers' duties – in particular, their duty to advise clients on their pre-inception duties of disclosure. Notably, the judge considered how causation should be analysed in brokers' negligence cases where the insured has not pursued the claim against its insurer to settlement, judgment or award.

Authors: Paul Lewis, Greig Anderson
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Lawrence R Hamilton Deciphering cybersecurity: introduction to cybersecurity regulatory initiatives in insurance industry

USA - Mayer Brown LLP

The past five years have seen a massive acceleration in the amounts of data being generated, processed and stored in virtually every industry, including insurance. However, there has been a growing trend of increasingly sophisticated cyberattacks which have, in many ways, outpaced current data security technology. It is no exaggeration to conclude that developing a coherent cybersecurity strategy is one of the most important challenges facing insurance industry participants today.

Authors: Lawrence R Hamilton, Sanjiv J Tata
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Recent updates

Marco Dimola Recent developments in claims-made policy debate

Italy - DLA Piper Studio Legale Tributario Associato

Author: Marco Dimola
Margarida Lima Rego Portugal Finlab – innovation hub for insurtech

Portugal - Morais Leitão, Galvão Teles, Soares da Silva & Associados

Authors: Margarida Lima Rego, Nuno Sobreira
Dror Zamir Denial of liquidator claim based on 20-year-old claims-made policy

Israel - Levitan, Sharon & Co

Authors: Dror Zamir, Rotem Weiss
Xuelei Wang Shift towards digital insurance and its regulation

China - AnJie Law Firm

Authors: Xuelei Wang, Yu Dan, Chen Jun, Sharif Hendry
Caroline Landerfors Post-Brexit continuity in Sweden for UK insurance intermediaries

Sweden - Magnusson

Authors: Caroline Landerfors, Alexander Galfvensjö
Carlos Ramos Miranda Insurers' and bonding companies' obligations regarding sensitive user information amended

Mexico - Hogan Lovells BSTL SC

Author: Carlos Ramos Miranda

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