If this email is not displayed correctly please click here


13 April 2021
Hao Zhan Applicants must disclose facts when prompted by insurers to avoid rescission

China - AnJie Law Firm

When concluding insurance contracts, applicants have a duty of disclosure. However, applicants need not disclose information unless the insurer enquires. Insurers' remedy for breach of this duty varies. They can either rescind the contract and keep the premium or rescind the contract but return the premium. However, insurers have no right to rescind the contract if they underwrote it fully aware that the applicant had not provided honest answers.

Authors: Hao Zhan, Jia Wan, Hannibal El-Mohtar
Read more
Shubhangi Pathak 74% FDI allowed in insurance sector: amendment to Insurance Act

India - Tuli & Co

For several years, stakeholders in the Indian insurance sector have wanted the foreign direct investment (FDI) limit for Indian insurers to be increased to 74% in parity with the FDI limit applicable to the private banking sector. The finance minister recently announced that the FDI cap for Indian insurers will be increased from 49% to 74%. The increase in FDI for insurers is a key development at a time when new investments in the insurance space have been limited.

Authors: Shubhangi Pathak, Priya Misra
Read more

Recent updates

International Law Office Tell us what you think and you could win a £100 Mastercard voucher

International - International Law Office

Author: International Law Office
Dylan Cox With great power comes great responsibility: Ontario court gives primer on insurance appraisals

Canada - Theall Group LLP

Author: Dylan Cox
Carsten Vyvers Do not leave your package unattended

Germany - Arnecke Sibeth Dabelstein

Author: Carsten Vyvers
Athanassios Lambrou Multiple damages caused by one contractor to another's works are not 'sudden and unforeseen' or a 'series of events'

Greece - Zemberis, Markezinis, Lambrou & Associates

Author: Athanassios Lambrou
Bettina Thaulow Harto The Thorco Cloud and Stolt Commitment collision: a long-lasting battle on courts' jurisdiction

Norway - Advokatfirmaet Thommessen AS

Authors: Bettina Thaulow Harto, Andreas Meidell, Henrik Hagberg
Erik Schultz Insurance business in Sweden from a cross-border perspective

Sweden - Mannheimer Swartling

Authors: Erik Schultz, Lovisa Hedlund, Gustav Feldt
Celia Jenkins Insurance regulatory round-up: 2020

India - Tuli & Co

Authors: Celia Jenkins, Anuj Bahukhandi, Swathi Ramakrishnan