Publication
UK failure to prevent fraud offence: What do you need to do now?
A new “failure to prevent fraud” offence has been introduced as part of the Economic Crime and Corporate Transparency Act (the Act).
Global | Publication | April 2024
Climate change remains a critical issue for the insurance industry in 2024. The increasing frequency and severity of climate-related natural disasters is having a significant impact on physical risk exposures and the increasing protection gap. Adding to the pressure, climate change litigation over the insurance of non-renewable energy is on the rise and insurers are becoming the focus of various environmental campaign groups’ protests too.
As a regulatory priority, it is well known that the insurance sector is very well positioned and highly incentivized in relation to climate change mitigation and adaption for two reasons.
However, a response by the insurance industry alone is unlikely to be enough to mitigate the impacts of climate change on the global economy, with industry leaders advocating the need for public assistance, as systemic perils surpass the capacity of the insurance industry alone.
While there are many steps that insurers can take in relation to climate adaptation and mitigation, a collaborative effort between the private and public sector (including regulators, governments and policymakers) is fundamental to respond effectively to the increasing impacts of climate change and to prevent both systemic and isolated instances of market failures. This message was strongly emphasized at the UN Climate Change Conference COP 28 in 20231. We believe that the first step in achieving this lies in a comprehensive understanding of the most significant issues relating to climate change.
Publication
A new “failure to prevent fraud” offence has been introduced as part of the Economic Crime and Corporate Transparency Act (the Act).
Publication
On April 11 - 12, Luxatia International held the 4th World Legal Operations Summit in Berlin. Tom Evans, senior consultant in our Legal Operations Consulting Team, shared his tips for driving effective change management and leading successful transformation projects.
Publication
On May 14, 2024, Lena Haffner, Innovation Lead Germany at Norton Rose Fulbright, shared her insights on “How do you make a law firm AI ready?" at Legal Revolution 2024, one of Europe’s leading conferences in legal innovation and technology. Her lecture focused on developing a comprehensive roadmap for integrating AI into law firms, emphasizing the importance of developing a robust AI strategy and fostering an innovation-ready culture. Key topics covered in the lecture included strategic planning, skills development, multidisciplinary teamwork, and strong AI governance.
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