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Insurance

21 January 2020
Bradley Kruger New opportunities for blockchain use in insurance industry

Cayman Islands - Ogier

It has been more than a decade since blockchain – or distributed ledger technology – appeared on the financial services landscape. Yet, it is still capable of generating excitement as its value in transforming processes continues to develop. As blockchain increases its reach and its impact in specific industries grows, this will generate a need for suitable models of insurance. Cayman-based technology companies have expressed interest in buying insurance from local insurers.

Author: Bradley Kruger
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Hao Zhan Product innovation: litigation property preservation liability insurance

China - AnJie Law Firm

In terms of premium revenue, China is the second largest insurance market in the world. However, regulators and insurers are often frustrated due to a lack of insurance innovation. In response to such frustration, litigation property preservation liability insurance has emerged and become a typical insurance solution to satisfy market demand and address unique Chinese insurance requirements in order to align them with the country's judicial system.

Authors: Hao Zhan, Jia Wan
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Lina Wiedenbach Insurers' duty to advise assureds in cases of amended general terms and conditions

Germany - Arnecke Sibeth Dabelstein

A recent Hamm Higher Regional Court decision concerning insurers' duty of advice continues the previous case law in respect of partly favourable and partly unfavourable new conditions or conditions that are merely more favourable for the policyholder. The case highlights the question of whether insurers have a duty to advise assureds of amendments made to the general terms and conditions in their insurance policies, particularly with regard to linguistic amendments.

Authors: Lina Wiedenbach, Carolin Schilling-Schulz
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Recent updates

Hao Zhan Applicability of right of subrogation in Chinese reinsurance context

China - AnJie Law Firm

Authors: Hao Zhan, Jia Wan
David Maria Marino Insurance Distribution Directive – new IVASS measures expected

Italy - DLA Piper

Author: David Maria Marino
Olaf Hartenstein Insurers beware: CMR jurisdiction rules apply to direct claims against carriers' liability insurers

Germany - Arnecke Sibeth Dabelstein

Authors: Olaf Hartenstein, Sophia Reeg
Hao Zhan Applicability of right of subrogation in international reinsurance context

International - AnJie Law Firm

Authors: Hao Zhan, Jia Wan
Celia Jenkins Wellness benefits in health insurance: proposed guidelines

India - Tuli & Co

Authors: Celia Jenkins, Anuj Bahukhandi, Swathi Ramakrishnan
Andrae I Shaw Speak now or forever hold your peace: court rejects insurer's attempt to withdraw defence

Canada - Theall Group LLP

Author: Andrae I Shaw

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