New Zealand’s new Privacy Act edges closer

The long-awaited legislative overhaul to New Zealand’s privacy framework contained in the Privacy Act 1993 is on track for commencement on 1 March 2020. The Privacy Bill, which contains a comprehensive suite of reforms, has recently passed its second legislative reading. New Zealand’s new privacy framework will be based on the same OECD principles that […]

Informed Insurance: Legalign Global Thought Leadership Report 2019/20

We are pleased to share our latest Legalign Global thought leadership report, Informed Insurance: Thought Leadership 2019/20 which is released in our region today. This publication includes insight and commentary from all Legalign Global partner firms, including Wotton + Kearney, to provide a truly global perspective on emerging market issues and insurance risk management. A recent […]

Insurers face a double blow from cyber fines and claims in Australia

With anticipated new data protection laws and significant investigations underway, Australia appears set to create a data protection regime with high penalties and serious potential for third party claims. Increased enforcement, penalties and third party claims will create a rapid increase in exposure for insurers – and may put the question of whether cyber fines […]

Parametrics: the next big thing?

Parametric insurance is becoming increasingly common as it give insurers a way to resolve risk-transfer concerns. The success of these products depends on the accuracy and objective nature of the parameters set and a deep understanding of the potential exposures. Nick Lux, Aisha Lala and Ben Hine consider the rising popularity of this product in […]