Guy Carpenter & Company, LLC has published its update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report highlights key trends, laws and reforms that have been introduced or are expected in the region. Developed with the insurance practice of law firm Heuking Kühn Lüer Wojtek, the report addresses the continued changes and developments in the legal framework at the macro and micro levels. At the macro level governments across Europe are increasingly looking to reduce states’ cost burdens for healthcare. This has resulted in harsher judgments on cases involving accidents at work. At the micro level the reports points out the importance of the legal changes that are influencing statutory legal liability.
“The report discusses the key legal developments in insurance legislation, covering topics such as the renewal of the EU Insurance Block Exemption Regulation, introduction of class actions and compulsory mediation in Italy and the development of a unified code of Civil Procedure in Switzerland,” said David Lewin, Managing Director, Guy Carpenter & Company, Ltd.
Mr. Lewin went on to say that “The report makes note of two particular trends in legislation that are emerging. One is a movement towards states’ transferring claims burdens to the private insurance industry and the other is a simplification of legal processes that allow individuals to pursue civil legal rights more easily.”
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