Many of the products people use every day are made in foreign countries - from coffee makers produced in China to cars built in Germany to cell phones manufactured in India. While many of these products fulfill their purpose without any complications, there are others that cause problems for their users. A coffee maker might spill boiling water or a car’s airbag might not open properly. These problems can be caused by manufacturing errors or flaws in product design.

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Guy Carpenter issued its semiannual analysis of key European legislative developments affecting the casualty insurance industry. Produced in collaboration with law firm Heuking Kühn Lüer Wojtek and its network of legal experts across Continental Europe, the report, Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, analyzes the most impactful and significant legislative changes and judicial developments across 11 jurisdictions, which include:

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David Lewin, Managing Director
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Background

Shortly before Christmas 2011, the European Commission published its guidelines for the insurance industry to help insurers implement necessary changes in light of the Court of Justice of the European Union (CJEU) judgment in the Test-Achats Case (C 239/06) of March 1, 2011. The guidelines’ publication followed a meeting of insurers with European Union (EU) Justice Commissioner Viviane Reding in September 2011.

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Guy Carpenter published its semiannual report on key legislative developments in Europe affecting liability insurers and reinsurers. A number of these developments underscore the challenges in adapting local legislation and jurisprudence to European Union (EU) and international law.

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Primary insurance premium rates increased in the Benelux private sector between 2 percent and 5 percent, though the reasons differed for the various classes of business and territories. In Belgium residential property, for example, minor winter and summer storms in 2010 and 2011 as well as some small floods, led to unsatisfactory results. In the Netherlands, Belgium and Luxemburg motor insurers had to cope with unsatisfactory results because of increased losses.

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A broad diversity of topics is investigated in our latest update:

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