Ten things every insurer should know

CMS Expert Guide to insurance law and regulation

The insurance industry is a major component of the global economy, operating internationally, to protect people and businesses against a wide range of risks. Establishing and operating an insurance business is highly regulated, and the complexity of the regulatory landscape is also linked to the great diversity of local requirements. Jurisdictions vary in their approach to commonly occurring insurance issues and their process for bringing insurance claims.

Ten things that every insurer should know’ is a simple but comprehensive guide that compares and contrasts ten key issues across 32 jurisdictions, looking into:

  1. Regulation & governing bodies
  2. Effect of misrepresentation and/or non-disclosure
  3. Effect of breach of warranty and condition precedent
  4. Consequence of late notification
  5. Entitlement to bring a claim against an insurer
  6. Entitlement to damages from an insurer for late payment of claim
  7. General rules concerning the limitation period for claims
  8. Policy triggers with respect to third party liability insurance
  9. Recoverability of defence costs
  10. Insurability of penalties and fines

CMS lawyers around the world deliver commercial and seamless advice which is rooted in the local regulated markets. With over 300 insurance and reinsurance experts across Europe, the Middle East, Africa, Latin America and Asia, we regularly work with clients on claims & coverage and corporate and regulatory related matters spanning different jurisdictions, using our  multijurisdictional expertise.


The information contained in this Guide is for general purposes only and does not purport to constitute legal or professional advice from CMS or any other firm and as a consequence may not be relied upon.


Download the PDF version of the publication or view the country chapters of interest (below)

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Ten Things Every Insurer Should Know 2023
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