Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

Treading carefully – cross-border litigation after Brexit

The transition period has ended and, in theory at least, Brexit is now complete. This should mean there is clarity where future UK-EU relations are concerned. Why, then, are litigators left scratching their heads? Here, we identify three areas of continuing uncertainty where parties should tread with care. When the Brexit trade deal was unveiled at the end of December,…

The Insurance Amendment Act 2021: paving the way for 74% FDI in India’s insurance sector

The Insurance Amendment Act 2021: paving the way for 74% FDI in India’s insurance sector

The Insurance Amendment Act 2021: paving the way for 74% FDI in India’s insurance sector

The liberalisation of foreign investment in the Indian insurance sector has been a subject of debate for more than a decade. In her Budget speech of 1 February 2021, the minister of finance, Nirmala Sitharaman, announced that the foreign investment limit in the insurance sector is set to be increased from 49% to 74%, with some safeguards in relation to…

Partnership needed to dodge the next smack in the mouth

Partnership needed to dodge the next smack in the mouth

Partnership needed to dodge the next smack in the mouth

We all have a plan until we get punched in the mouth, goes the saying. The Covid-19 pandemic has clearly been a punch in the face for global industry and has affected commercial relationships as a punch in the face would. The relationship between small and medium-sized businesses (SMEs) and their insurers has been severely tested, quite literally when it…

Time to really focus on claims

Time to really focus on claims

Time to really focus on claims

The very reason why insurance is purchased by individuals and businesses is to ensure that they are ‘covered’, at least financially, when a nasty or unexpected event occurs. The efficient management and payment of claims is therefore the most important service that insurers and their partners in the market, such as brokers, loss adjusters and lawyers, can offer their customers. Sadly, all too often…

Claims as a USP for insurers

Claims as a USP for insurers

Claims as a USP for insurers

Adrian Ladbury interviews Renske Franken-le Clercq, head of claims – central region, Liberty Specialty Markets, about the insurer’s claims strategy and what it has to offer customers in a positive way in this tough period in the market. He also asks about the impact of Covid-19 on the claims environment. Adrian Ladbury (AL): Claims departments were once regarded as a back-end…

From cradle to grave

From cradle to grave

From cradle to grave

BELFOR, a leading restoration and recovery company, recently announced the appointment of David Cooper as head of environmental services at its UK operation. Adrian Ladbury asked Mr Cooper about his new role, the trends he sees in the environmental field and how the group’s new integrated service will help risk managers do a better job. Adrian Ladbury (AL): What were…

Motor insurance: analysis of the UK government decision to diverge from Vnuk

Motor insurance: analysis of the UK government decision to diverge from Vnuk

Motor insurance: analysis of the UK government decision to diverge from Vnuk

The secretary of state for transport has confirmed the UK will no longer follow the decision in Vnuk, confirming a major deviation from the existing EU model of compulsory motor insurance law. The government conducted impact analysis on amending the Road Traffic Act (RTA) to ensure compliance with Vnuk and subsequent rulings. Unsurprisingly, given that the proposed cost of implementing…

Time to dig deeper

Time to dig deeper

Time to dig deeper

Welcome to the first issue of Commercial Risk Europe – UK, the first of our monthly national newsletters dedicated to the information needs of our risk and insurance management readership across Europe and worldwide. Commercial Risk Europe was launched back in 2010 to provide the whole European risk and insurance management community with a dedicated central information source, to help…

Editor’s comment: French government leads the way on self-insurance strategy

Editor’s comment: French government leads the way on self-insurance strategy

Editor’s comment: French government leads the way on self-insurance strategy

Only the most naive of European risk managers would have expected an easy and calm renewal at year-end 2020, but many can be forgiven for being surprised by the brutality of it. As clearly shown by the excellent discussion organised by French risk management association AMRAE on a virtual basis last week, risk and insurance managers are facing a very…

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