Insurance & Reinsurance—Horizon scanning
Produced in partnership with Amy Nesbitt of Weightmans
Insurance & Reinsurance—Horizon scanning

The following Insurance & Reinsurance practice note produced in partnership with Amy Nesbitt of Weightmans provides comprehensive and up to date legal information covering:

  • Insurance & Reinsurance—Horizon scanning
  • The impact of coronavirus (COVID-19)—remote working
  • General working practices
  • The insurance market
  • Placements
  • Challenges
  • Opportunities
  • Conclusion
  • The gig economy
  • Challenges
  • More...

Insurance & Reinsurance—Horizon scanning

This Practice Note provides a summary of some of the key legal and regulatory developments that may impact (re)insurers and (re)insurance practitioners during 2020/2021. In particular, this Practice Note considers three significant areas: (1) the impact of coronavirus (COVID-19) on working practices and professions; (2) the gig economy; (3) intervention by the Financial Conduct Authority (FCA), including the commencement of test case on issues of principle concerning certain business interruption policies. In respect of each of these areas, this note will summarise the key issues and any challenges and opportunities for (re)insurers and (re)insurance practitioners.

The impact of coronavirus (COVID-19)—remote working

When Prime Minister, Boris Johnson, announced that the UK would go into lockdown on 23 March 2020, every business in the UK was faced with the dilemma, adapt or die. Many business have adapted successfully, mainly due to the ability of their employees to work remotely.

General working practices

Long before the words ‘unprecedented times’ and ‘COVID-19’ were daily catchphrases, many people were advocating the advantages of remote working for employees and employers alike, such as increased productivity, greater employee well-being and cost savings for businesses, (to name but a few of the benefits). Fortunately, this led a large number of employers to test and invest in the technology to facilitate and support remote working practices prior to the UK lockdown.

Service professionals are now

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