Category Archive: All

Section 6 – destined for change?

The NSW Law Reform Commission has just released Report 143, which recommends a replacement provision for section 6 of the Law Reform (Miscellaneous Provisions) Act 1946 (NSW). Section 6 provides an avenue for a plaintiff to recover damages or compensation directly from the defendant’s insurer, in certain circumstances. The section also provides for a plaintiff …

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Insurers must innovate to stay ahead of existing competitors and pre-empt digital start-ups

For Insurers, an effective digital strategy is critical for long-term success. Insurers are already looking to innovate, both to stay ahead of legacy competitors and to pre-empt the erosion and disruption of established business models by ambitious and nimble digital start-ups. DLA Piper has put together a Digital Transformation in the Insurance Sector White Paper …

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Protectionist attitudes slowing progress in single ASEAN market

Peter Shelford, Country Managing Partner of DLA Piper Thailand, has commented on protectionist attitudes of the ASEAN countries on the insurance market in A.M. Best’s Asia Pacific Weekly: Insurance Newsletter (Issue 15) ‘There’s a huge difference in political stability and economic development from Singapore on one end to Myanmar, Laos and Cambodia on the other end. …

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Brexit shock: What comes next for insurers

With the UK electorate’s narrow vote to leave the European Union, the UK and Europe are now entering a period of great uncertainty. The initial reaction in financial markets (which had priced in a remain win) has been one of shock, with the Pound and Euro plummeting to historic lows against the Dollar and sharp …

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DLA Piper’s Global Insurance Sector: 2015 Year End Review and Forecast for 2016 Publication

2015 was a challenging and transformative year for the insurance industry. We saw: More than $200 billion in mergers, including mega-mergers such as Anthem’s $55.2 billion acquisition of Cigna, Aetna’s $37 billion acquisition of Humana and Ace’s $29.7 billion acquisition of Chubb. Announced plans by some major carriers to dramatically restructure and rescale their businesses, …

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DLA Piper’s Global Insurance Sector: 2014 Year End Review and Forecast for 2015 Publication

Fundamental changes and powerful forces are reshaping the insurance industry. These developments are reestablishing the natural order of the financial services sector and redefining the insurance industry’s role in the global economy. Over the last year we have seen heated debates over regulatory standards, emerging and growing risks, expansion of capital market players into the …

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Insurance Conference in Singapore

We are proud to be one of the sponsors for the 15th annual Asia CEO Insurance Summit in Singapore next week. DLA Piper consultant Jonathan Goacher will speak at this event on the topic ‘The AEC Insurance Market: Goals, Expectations and Developments‘. Our APAC sector leaders Peter Shelford and John Goulios will also attending this …

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DLA Piper named Insurance Law Firm of the Year

DLA Piper has been named Law Firm of the Year at the Australian Insurance Industry Awards hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) on Wednesday night in Sydney. DLA Piper Consultant Michael Gill also took home the ANZIIF Lifetime Achievement Award. These are fantastic and momentous wins for us …

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