Jurisdiction and applicable law

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Jurisdiction agreements by incorporation

For information on the incorporation of a jurisdiction clause into a contract by reference either to standard terms and conditions or to the wording of a separate contract, see Practice Note: Jurisdiction agreements by incorporation. It specifically considers the position when dealing with charter-parties and bills of lading as well as insurance and reinsurance.

Jurisdiction—Brussels I (recast) and insurance contracts

For assistance determining which court has jurisdiction for an insurance claim, see Practice Note: E&W Brussels I (recast)—dealing with insurance matters [Archived]. This Practice

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Latest Insurance & Reinsurance News

AI risks leaving UK businesses exposed to insurance gaps

Law360, London: Businesses that replace workers with artificial intelligence (AI) tools could face difficulties when they make claims under standard negligence insurance policies after consumers lose out, lawyers say.

IAIS publishes application paper on supervision of AI in insurance

The International Association of Insurance Supervisors (IAIS) has published the final version of its Application Paper on the supervision of artificial intelligence (AI), following a public consultation held earlier in 2025. The paper provides guidance on how supervisors and insurers can apply existing insurance core principles (ICPs) to the use of AI systems, reinforcing that expectations around governance, conduct, and risk management remain central as AI technologies are adopted in the insurance sector. It covers five key areas: risk-based supervision and proportionality, governance and accountability, robustness, safety and security, transparency and explainability, and fairness, ethics and redress. The IAIS notes that these principles are intended to support supervisors in assessing how insurers implement AI in a manner consistent with sound prudential and conduct practices. A public webinar will be held on 17 July 2025 to present the final paper and respond to stakeholder questions and will also introduce the IAIS’s new consultation on its draft Application Paper on operational resilience objectives and toolkit.

IAIS publishes high-level principles for ICS implementation

The International Association of Insurance Supervisors (IAIS) Executive Committee has published high-level principles (HLPs) for developing the implementation assessment methodology for the Insurance Capital Standard (ICS). Adopted in December 2024, the ICS is a globally comparable, risk-based measure of capital adequacy for internationally active insurance groups and represents a key element of the IAIS Common Framework for the Supervision of IAIGs. The approved principles mark a crucial step in transitioning the ICS from its adoption phase to effective implementation. They will guide the development of jurisdictional assessments scheduled to commence in 2027, as well as the creation of a self-assessment questionnaire for jurisdictions to measure their progress in implementing the ICS in 2026.

IAIS consults on draft Application Paper for insurance sector operational resilience

The International Association of Insurance Supervisors (IAIS) has published a draft Application Paper on operational resilience objectives and toolkit. The paper aims to support supervisors and insurers in assessing and addressing operational resilience in line with the Insurance Core Principles (ICPs), in response to increasing complexity, interconnectivity, and reliance on technology and third-party service providers across the insurance sector. Responses are sought by 29 September 2025 and a public background webinar will be held on 17 July 2025 to present the draft paper and address questions.

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