The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of insurance & reinsurance law across a variety of jurisdictions.
Each chapter of this guide provides information about the current issues affecting insurance and reinsurance in a particular country and addresses topics such as contract regulation, licensing, penalties, policyholder protection, alternative dispute resolution as well as personal insight and opinion as to the future of the insurance market over the next five years.
The Q&A template for each chapter has been provided by Katherine Coates of Clifford Chance.
Hot Topic: Insurability of GDPR Fines in Austria – Yet another “Moral Hazard” Debate?
The European Union’s new data protection regime – the General Data Protection Regulation (EU) 2016/679 (“GDPR”), which replaced its 20-year-old predecessor – attracted international attention even beyond the EU’s borders in recent months. In fact, few other instruments of secondary European Union law have been more widely received and discussed than the GDPR. The reasons …
Hot Topic: Regulators Struggle to Raise the Standard of Care for Financial Advice
On March 15, 2018, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) in a 2-1 decision vacated the Obama-era U.S. Department of Labor’s (“DOL”) Fiduciary Rule (“Fiduciary Rule”), which responded to a historical shift from traditional pension plans to individually managed accounts, such as individual retirement accounts (“IRAs”) and 401(k)s. The Fiduciary …