Covid-19 accelerates the clean energy transition

FCA Test Case hearing concludes – key arguments and judgment details

A draft judgement over the UK’s Financial Conduct Authority’s (FCA) business interruption (BI) test case is expected by mid-September and it is likely to have significant implications for (re)insurers who operate under English Law.

COVID-19 creates a new dynamic in commercial insurance

The impact of Covid-19 on claims begins to materialise and insurers are starting to adapt their underwriting strategies. While developments remain fluid, some general tendencies are becoming apparent. Acknowledging these trends should help in the preparation for policy renewals.

Dismantling the myth that only large multinationals are cyber-attack targets

Global headlines are peppered with stories of hacks, data breaches or ransomware attacks impacting large organisations. This creates the false impression that small firms are less at risk.

New regulation spurs D&O insurance demand in China

Chinese companies are seeing an increased need to purchase directors’ and officers’ liability insurance (D&O) after China expanded corporate disclosure requirements and made it easier for investors to sue company directors.

Increasing society’s resilience against pandemics

Many countries were caught off guard when SARS-CoV-2 spread among the population. Since epidemics and pandemics are likely to become more common in the future, governments and insurers are looking at options to increase the financial resilience of societies and economies ahead of the potential next event.

Covid-19 shifts PropTech priorities for commercial real estate sector

The need for social distancing is shifting the focus on services and applications in the commercial real estate sector towards solutions that make staff feel safe when they finally return to the workplace. Employers are responsible for the protection of all workers in the gradual return to work.

Protecting businesses against duty of care litigation in the pandemic

Businesses owe a duty of care towards employees and customers to protect them from any foreseeable harm. The Covid-19 outbreak has changed the expectations of stakeholders and increased the risk of potential legal disputes.

COVID-19 FCA Test Case Update – defence and case management developments

Insurers have submitted their defences for the Financial Conduct Authority (FCA) Property Damage and Business Interruption (PDBI) COVID-19 test case while two groups representing policyholders have been allowed to intervene.