About Insurance & Reinsurance Law
Lexis®+ Insurance & Reinsurance caters for both contentious and non-contentious practitioners. It delivers practical guidance on topics ranging from regulatory obligations that apply to insurers and insurance intermediaries, to key legal concepts
in insurance and reinsurance law and practice, to guidance on particular classes of insurance.
Insurance claims
We provide practical guidance in relation to insurance claims, including on subrogation, allocation and aggregation, together with detailed guidance on relevant legislation.
Regulation of insurance
We provide comprehensive guidance on the regulation of insurance in the UK and the EU, alongside trackers and guidance on hot topics such as implementing the FCA's new consumer duty.
Types of insurance
Our guidance includes Practice Notes on the different types of insurance, ranging from aviation insurance to warranty and indemnity cover, and everything in between.
Intermediaries and market practice
Get practical guidance on the functions and duties of insurance intermediaries along with guidance on insurance and reinsurance market practice. This includes a detailed glossary and Practice Notes pack.
Our Insurance & Reinsurance Experts
Susie Wakefield
Charlotte Shakespeare
Rebecca Huggins
Bob Haken
Jonathan Drake
Latest Insurance & Reinsurance News
On 15 November 2024, the Prudential Regulation Authority (PRA) updated its ‘Waivers and modifications of rules’ webpage by setting out details of six...
The Prudential Regulation Authority (PRA) has published policy statement PS15/24 finalising its rules and policy materials that will replace Solvency...
Law360: The UK government said on 14 November 2024 that it is launching reforms to drive economic growth and competitiveness in financial services by...
The HM Treasury has announced plans to make further technical changes to the UK's wholesale markets framework as part of broader reforms to the UK...
On 14 November 2024, the fourth day of the 29th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP29) focused...
Latest Insurance & Reinsurance Practice Notes
UK Solvency II—transposition, implementation and the post-Brexit regimeThis Practice Note focuses on the transposition and implementation of Directive...
The Financial Services and Markets Act 2023—essentials Scope of this Practice NoteThe Financial Services and Markets Act 2023 (FSMA 2023) was...
Impact of Brexit: Solvency II—quick guide [Archived]This Solvency II quick guide details current UK legislation and retained EU legislation in...
Impact of Brexit: Insurance distribution—quick guide [Archived]This insurance distribution quick guide details current UK legislation and retained EU...
The FCA Consumer Duty—implications for insurance intermediariesFor information on the main elements of the Financial Conduct Authority (FCA)’s...
Latest Insurance & Reinsurance Precedents
Detailed letter of instruction to a personal injury medical expertDear [insert expert’s name]Re: [insert name of client and the client’s date of...
Claim against a highway authority in negligence and for breach of the Highways Act 1980[In the High Court of JusticeORIn the County Court at...
Company's Transfer Agent Instructions (IPO)[[COMPANY LETTERHEAD]][[TRANSFER...
Letter to client—enclosing copy of police reportI have now received from the police a copy of the report relating to the accident.The police report is...
Claim against a driver for travelling at excessive speedIn the county court at [insert]Claim No: [insert claim number]BetweenA B ClaimantandX...
Latest Insurance & Reinsurance Q&As
Featured Insurance & Reinsurance content
Insurable interest
Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...
The functions and duties of insurance brokers—policy placement
The functions and duties of insurance brokers—policy placementThis Practice Note provides a high level introduction to the functions and duties of...
Public liability insurance—essentials
Public liability insurance—essentialsPublic liability insurancePublic liability insurance is a form of liability insurance that indemnifies a...
Double insurance and contribution
Double insurance and contributionOverlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover,...
An introduction to Lloyd’s of London
An introduction to Lloyd’s of LondonWhat is the Lloyd’s market?The Lloyd’s market is an insurance market, whose origins date back to the seventeenth...
Insurance agents and brokers
Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...
Professional indemnity insurance—essentials
Professional indemnity insurance—essentialsWhat is professional indemnity insurance?Professional indemnity insurance is a form of liability insurance....
General principles of insurance contract law
General principles of insurance contract lawWhat is insurance law?Insurance law can be split into three parts:•insurance contract law which governs...
Exclusion clauses in insurance contracts
Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion...
Insurance premium
Insurance premiumAn insurance premium is the sum paid for insurance or reinsurance cover and is the consideration paid by the (re)insured for the...
Marine insurance—general principles
Marine insurance—general principlesThis Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906....
What is a contract of insurance?
What is a contract of insurance?This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an...
Sanctions clauses and the effect of sanctions on insurance policies
Sanctions clauses and the effect of sanctions on insurance policiesThe Practice Note entitled EU/UK financial and trade sanctions for insurers...
Product liability and product recall insurance
Product liability and product recall insuranceWhat is product liability insurance?Product liability insurance provides an indemnity to a business in...
Trade credit insurance
Trade credit insuranceTrade credit insurance typically provides protection to a policyholder against non-payment of accounts receivable, due to the...
Reinsurance—essentials
Reinsurance—essentialsThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the...
ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product information
ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product...
Terms of Business Agreement (TOBA)—insurer and managing agent/broker
Terms of Business Agreement (TOBA)—insurer and managing agent/brokerAn Agreement dated [date] governing the conduct of Insurance Business...
Associated legal terms
Aggregation
In the context of (re)insurance claims, whether individual losses fall to be treated as a multiple claims or a single claim, usually for the purposes of applying policy limits and deductibles. An aggregation clause stipulates the criteria as to whether or not such losses comprise a single loss or claim.
Claim or circumstance
a claim, in a (re)insurance context, is a request for an indemnity under an insurance policy whereas a circumstance is a situation or event from which a claim may arise.
Professional indemnity insurance
Professional indemnity insurance is a commercial insurance to insure against liabilities (and defence costs), arising out of the acts, errors and omissions by professionals, such as architects, surveyors, solicitors, insurance brokers, IFAs and IT professions, in the ordinary course of their professional business.
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