9 months to go: How ready is the market for the Insurance Act 2015?

With just 9 months to go until the Insurance Act 2015 comes into force, how ready is the market? A recent survey carried out by Airmic among its members has revealed that: Only 53% of respondents believed they were prepared for the introduction of the Act; and 61% of respondents had not yet mapped out … Read more

A “blot on English insurance law”

Insurers successfully avoided a policy on the grounds of inadvertent non-disclosure. The High Court commented on the different outcome that would have been available under the Insurance Act 2015 which comes in to force in August 2016, remarking that the stringent remedy of avoidance under the present law remains a "blot on English insurance law".  Read more

Mitigating cyber security exposures: Risk transfer through cyber insurance

Now may be the time to review your cyber risk mitigation strategy and give serious consideration to whether the financial cost of cyber attacks could be transferred to insurers at a fair price. Cyber security is amongst the leading risks for organisations around the globe. In the last few years most organisations have suffered cyber … Read more

Insurance regulation in 2015

So many developments are in the pipeline that we expect 2015 to be a landmark year for the insurance sector. In this briefing, we consider how regulation may develop over the year. We start by considering the prudential side and then move on to governance and conduct issues. Read more