Regulation of insurance

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Latest Insurance & Reinsurance News

High Court approves Part VII transfer of £12bn annuity business from the Pru to Rothesay, second time round (Prudential Assurance Company Ltd and In the Matter of Rothesay Life plc)

Appeal over employer’s liability insurance coverage in respect of trafficked workers dismissed (Komives and another v Hick Lane Bedding Ltd (in administration) and another)

AML rules must reflect low risks in life cover, insurers say

The following Financial Services news provides comprehensive and up to date legal information on AML rules must reflect low risks in life cover, insurers say

ABI calls for regulations on e-scooter use

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on ABI calls for regulations on e-scooter use

Featured Insurance & Reinsurance content

What is a contract of insurance?

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

Double insurance and contribution

Double insurance and contributionOverlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover,...

Marine insurance—general principles

Marine insurance—general principlesThis Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906....

Reinsurance—essentials

Reinsurance—essentialsThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the...

Practice notes

ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product information

ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product...

16th Nov

Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

Sanctions clauses and the effect of sanctions on insurance policiesThe Practice Note entitled EU/UK financial and trade sanctions for insurers...

Produced in partnership with Daniel Martin of HFW and James Neale of HFW 16th Nov

Practice notes

Exclusion clauses in insurance contracts

Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion...

Produced in partnership with Susie Wakefield of Shoosmiths 16th Nov

Practice notes

Insurance—duty of disclosure

Insurance—duty of disclosureDuty of 'fair presentation'Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair...

16th Nov

Practice notes

Insurance agents and brokers

Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...

Produced in partnership with Ruth Hosking of Quadrant Chambers 16th Nov

Practice notes

Product liability and product recall insurance

Product liability and product recall insuranceWhat is product liability insurance?Product liability insurance provides an indemnity to a business in...

Produced in partnership with Sam Tacey of Cooley (UK) LLP and Richard Hopley of Cooley (UK) LLP 16th Nov

Q&As

What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each affords to the principal/additional insured?

What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each...

16th Nov

Practice notes

Decennial insurance

Decennial insuranceDecennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a...

Produced in partnership with David Savage of Charles Russell Speechlys LLP 16th Nov

Practice notes

The registration and regulation of friendly societies

The registration and regulation of friendly societiesWhat is a friendly society?There has been a system of registration, and with it regulation, of...

Produced in partnership with John Gilbert of M&G Advisory Services 16th Nov

Practice notes

Insurance reserves, claims data and loss development triangles

Insurance reserves, claims data and loss development trianglesThis Practice Note explains insurance industry practice in relation to loss reserves,...

16th Nov

Practice notes

Glossary of insurance and reinsurance terms

Glossary of insurance and reinsurance termsA B C D E F G H I J K L M N O P Q R S T U V W X Y ZThis glossary includes useful (re)insurance and...

16th Nov

Practice notes

Aggregating insurance claims and reinsurance claims

Aggregating insurance claims and reinsurance claimsAggregation—backgroundAggregation remains a major issue in the settlement of insurance and...

Produced in partnership with Andrew Burns QC of Devereux Chambers 16th Nov

Practice notes

Liability insurance—notification of claims and circumstances and defence of claims

Liability insurance—notification of claims and circumstances and defence of claimsThis Practice Note provides guidance on notification provisions in...

Produced in partnership with Julia Dias QC of 7KBW 16th Nov

Practice notes

Insurance Distribution Directive (IDD)—Insurance Product Information Document requirements

Insurance Distribution Directive (IDD)—Insurance Product Information Document requirementsIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the...

16th Nov

Practice notes

Insurance Distribution Directive (IDD)—background and legislative history

Insurance Distribution Directive (IDD)—background and legislative historyThe Directive (EU) 2016/97, Insurance Distribution Directive (IDD) repealed...

Produced in partnership with Jacob Ghanty of Deloitte 16th Nov

Practice notes