Insurance outsourcing clauses
Produced in partnership with Alistair Mitton and Imogen Armstrong of Womble Bond Dickinson
Insurance outsourcing clauses

The following TMT precedent Produced in partnership with Alistair Mitton and Imogen Armstrong of Womble Bond Dickinson provides comprehensive and up to date legal information covering:

  • Insurance outsourcing clauses

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for TMT?

These clauses are for use in relation to Precedent: Outsourcing agreement—long form when used in relation to the outsourcing of services by a regulated insurance firm.

Please see the drafting notes for specific instructions and further guidance.

1 Definitions

1.1 In this Agreement, unless the context otherwise requires, capitalised terms shall have the meanings set out below.

Confidential Information

  1. any information which is marked as being confidential or which may reasonably be regarded as confidential, together with all information obtained from the party making the disclosure (including, in the case of the Customer, its Affiliates) that relates to the business, affairs, products, trade secrets, technology, know-how, methodology of supply, developments, finances, employees, customers, policy holders, beneficiaries (where relevant), suppliers or any other contracting parties of or relating to either party, including the subject matter of this Agreement and any Material;

EIOPA

  1. means the European Insurance

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