Insurance & Reinsurance Law

Lexis®PSL Insurance & Reinsurance caters for both contentious and non-contentious practitioners. It delivers practical guidance on topics ranging from regulatory obligations that apply to insurers and insurance intermediaries, to key legal concepts in insurance and reinsurance law and practice, to guidance on particular classes of insurance.

The module is designed around a core set of subtopics that deal with the principles of insurance and reinsurance law, such as subrogation or the duty to make a fair risk presentation. These subtopics span insurance, reinsurance, and intermediaries and market practice.

Two other major topics are corporate, and regulation of insurance. These topics include guidance on a range of corporate and regulatory subjects including business transfers, establishment of branches and insolvency. Guidance on innovative or specialised insurance and reinsurance structures such as insurance linked securities and captives is also found here.

Under ‘Regulation of insurance’, we cover all aspects of the national and international regulatory frameworks that apply to insurers, reinsurance and insurance intermediaries. This includes practical guidance on each type of regulated activity, with a firm focus on what is relevant to the insurance industry. It also includes sub-topics dealing with governance and the prudential regulation of insurers.

The module also features subtopics on different types of insurance, all of which have their own characteristics and give rise to particular issues. These subtopics feature Practice Notes covering the relevant legal and practical issues, together with helpful materials such as checklists and precedents for letters before action and statements of case.

Lexis®PSL Insurance & Reinsurance also provides daily analysis of the news and latest insurance cases together with coverage of current trends, emerging risks and market developments, including Brexit and the impact of coronavirus (COVID-19) on insurers and policyholders.

Insurance & Reinsurance guidance:

Introduction One of the purposes of a commercial contract is to allocate risk and liability through, for example, the provision of indemnities. In this context, one party...

Practice Note

In some instances someone may suffer damage that results partly from their own fault and partly from the fault of someone else. A claim in respect of such damage is not...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Contributory negligence The question of contributory negligence is dependent on the facts of the case. In Davies the Court of Appeal stated that generally in road traffic...

Practice Note

Brexit: The UK's departure from the EU on exit day, ie 31 January 2020, has implications for practitioners considering road traffic accidents. For guidance, see Practice...

Practice Note

The question of whether a road user has failed to drive with reasonable care is fact sensitive. Evidence of negligence may be gleaned from the following sources: • the...

Practice Note

This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the...

Practice Note

This document tracks the movement of where (re)insurance companies will move in order to retain ‘passporting’ rights, following the UK’s decision to leave the EU. For...

Practice Note

Definitions Fraud Defined in Derry v Peek as where it is shown that: 'a false representation has been made (1) knowingly, or (2) without belief in its truth, or (3)...

Practice Note

What is the Lloyd’s market? The Lloyd’s market is an insurance market, whose origins date back to the seventeenth century. Merchants would meet at Edward Lloyd’s coffee...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the consent of the...

Practice Note

This Practice Note considers the following issues in relation to the development and use of autonomous and connected vehicles (also referred to as driverless cars or...

Practice Note

This Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the UK’s withdrawal from the EU. It includes a...

Practice Note

Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are either: • an...

Practice Note