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Hong Kong Regulatory Insurance Update February 2023
In this February 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
Decarbonisation – new year, new rules
Hong Kong Regulatory Insurance Update January 2023
In this January 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
Insurance forecast 2023: claims trends and future risks
Drawing on our experience across various risks, this 2023 insurance forecast report highlights some of the key trends that we anticipate will shape the insurance agenda for 2023 and beyond.
The Economic Crime and Corporate Transparency Bill – no silver bullet for the SFO
The Economic Crime and Corporate Transparency Bill was announced to Parliament for the first time on 22 September 2022, further signalling the UK’s attack on economic crime and its attempt at improving transparency over corporate entities. Here, we focus on the proposal that will allow the Serious Fraud Office to compel suspected criminals and institutions to disclose information linked to a suspected crime at the pre-investigative stage of a case.
Russia – Ukraine crisis: will safe corridors be enough?
As the first vessel laden with corn departs Odesa port following Russia and Ukraine’s agreement on a ‘safe corridor’ for the shipment of grain stockpiles, we consider the associated challenges for the marine industry and its insurers.
Ongoing efforts to tackle piracy in the Gulf of Guinea
Encouraging statistics released by the International Maritime Bureau in its half-year report of 2022 suggests a reduction in the number of reported cases of piracy in one of the world’s most notorious locations for kidnaping and piracy – the Gulf of Guinea.
Kennedys finds (re)insurers’ changing underwriting practices key to net zero transition
Today we announced the launch of our in-depth report, 'Rewriting the risk: Addressing the challenges of climate change', which finds that the underwriting practices of (re)insurers are a major catalyst for change among businesses in the ongoing climate crisis.
Rewriting the risk: Addressing the challenge of climate change
Our latest global report finds that the insurance industry has a central role in building wider understanding about climate-related risks and in mitigating against those risks.
The risks of translated strike clauses when dealing with claims for delay
The Latin America region has been particularly affected by social instability in recent times. As a result of this volatile landscape, insurers have found themselves dealing with an increase in claims relating to cargo damaged as a result of strikes. In this article, we look at the associated risks of translating strike clauses, and how ambiguities and disputes can often arise as a result.