The insurance market is in the midst of worldwide change, but London continues to be a leading centre for work. That means the UK authorities often turn their eye on the way the market operates.
In this Insurance Special Report The Lawyer looks at the Law Commission’s work on misrepresentation and non-disclosure in the insurance market prior to the publication of a formal paper on the issue next year.
It also examines the effect of the new ‘sidecar’ model on the Lloyd’s reinsurance market. Will this new investment vehicle sweep the market?Insurance is not limited to Lloyd’s, however. Another issue for lawyers is the threat of fraudulent personal injury claims. Insurance fraud adds up to £650m a year and personal injury is a major part of that. In the first of the three insurance reports, The Lawyer looks at how fraud can be averted through the use of medical evidence.