In this edition of Insurance Focus we consider the likely impact of the referendum vote in the United Kingdom to leave the European Union. After over forty years within the European bloc, how will ‘Brexit’, impact the London insurance market?
We also consider the potential for growth in Africa’s speciality lines for those insurers willing to enter the region.
Finally we review some new claims trends linked to new technology and changing social behaviours – including the rise of thefts of ‘hipster’ pets.
In our case notes section we review a landmark German decision on loss adjustments services undertaken by insurance brokers; an Australian case on the timing of a cause of action for non-payment; a recent decision from the Court of Appeal in England and Wales concerning aggregation wording; a review of the impact of the recent decision of the Italian Supreme Court concerning claims made clauses and finally a tragic case reaffirming that the frailty of an injured person will not proffer a defence in civil liability.
We also include international regulatory developments.
China Foreign Investment: Expert Q&A – Insurance Sector
Following the first round of liberalization of China’s insurance sector announced at the Boao Forum for Asia Annual Conference in 2018, China has been formulating supporting legislation to further open the sector to foreign investment.