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About Insurance & Reinsurance Law

Lexis®+ 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.

Insurance claims

We provide practical guidance in relation to insurance claims, including on subrogation, allocation and aggregation, together with detailed guidance on relevant legislation.

Regulation of insurance

We provide comprehensive guidance on the regulation of insurance in the UK and the EU, alongside trackers and guidance on hot topics such as implementing the FCA's new consumer duty.

Types of insurance

Our guidance includes Practice Notes on the different types of insurance, ranging from aviation insurance to warranty and indemnity cover, and everything in between.

Intermediaries and market practice

Get practical guidance on the functions and duties of insurance intermediaries along with guidance on insurance and reinsurance market practice. This includes a detailed glossary and Practice Notes pack.

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Latest Insurance & Reinsurance Q&As

Q&As
Does an insurance intermediary act as agent of the 'insurer' or agent of the 'insured' when distributing insurance products online under the following types of agreements with its insurer panel: a) standard 'Terms of Business' agreements (with no delegated authority), b) full Delegated Authority agreements? What would be the consequences of being found to be agent of the 'insured' and 'insurer' respectively eg liability, regulatory implications such as disclosures to customers under ICOBS? This would be in the context of the distribution of insurance rather than the collection and payment of premium (in the latter context the intermediary would act as the agent of the insurer).
Q&As
What constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 and are there any exemptions?
Q&As
We are a UK insurance company authorised by the PRA and regulated by both the PRA and the FCA. Our insurance policies are sold by us by telephone, and by our corporate business partner companies through their websites and in their UK shops. Some of our customers live on Jersey. Therefore our Jersey customers could have bought our policies at home in Jersey via a telephone call or through the internet, or they could have bought one of our policies in a UK shop and then travelled back home to Jersey as a new policyholder. Which registrations do we need with the Jersey Financial Services Commission, and do we need to be registered or would it be because we have policyholders currently buying new policies? None of our policies are Long Term business.
Q&As
What changes were made to the financial promotion regime by the Financial Services Act 2012?
Q&As
What information would it be useful to consider when looking at issues surrounding financial promotion?
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Associated legal terms

Average

In (re)insurance, the pro-rating of an indemnity payable under a (re)insurance policy in proportion to the ratio between the sum insured and the actual value of the insured property.

Claim or circumstance

a claim, in a (re)insurance context, is a request for an indemnity under an insurance policy whereas a circumstance is a situation or event from which a claim may arise.

Non-disclosure

The failure by an insured to declare a material fact, which would have affected the insurer’s ability to assess the risk, the terms of the policy and/or premium charged.
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