AIDA Working Party Financial Lines
The Presidential Council of AIDA, on its meeting on 11 April 2018 in Warsaw, has decided to establish a new Working Party on Financial Lines. Prof. Dr. Robert Koch LL.M. (McGill), chair of insurance law and director of the Institute of Insurance Science at the University of Hamburg (Germany), has been appointed as chairman. He has appointed abogado Ricardo Peralta, Partner, Viollier & Asociados, Ajustador, Santiago (Chile) as vice-chairman South America, and Ray Giblett, Partner, Norton Rose Fulbright, Sydney (Australia) as vice-chairman Asia Pacific.
The objective of the Financial Lines and Cyber Working Party is to provide a worldwide platform for practitioners and academics involved and/or interested in financial lines (e.g. D&O insurance, financial institutions professional indemnity, prospectus liability, crime/fidelity insurance, kidnap and ransom, CyberRisks) to share information and to discuss latest developments in that field.
The Working Party had its inaugural meeting at the XVth World Congress which took place in Rio de Janeiro between 10-13 October 2018. It was decided to establish a national reporter system. It is envisaged to have for each country one reporter who gives brief summaries on cases related to financial lines and new legislation dealing with/affecting financial lines insurance (i.e. D&O insurance, financial institutions professional indemnity, prospectus liability, crime/fidelity insurance, kidnap and ransom, CyberRisks).
On its meeting on 23 April 2019 in Marrakesh, the Presidential Council of AIDA, decided to revise the name of the Working Party on Financial Lines to “Financial Lines & Cyber”. This was better to reflect the ambit of the Working Party’s work and area of concern.
Attendance at meetings of the AIDA International Working Parties, usually staged during major AIDA events, often twice yearly, is open to all AIDA National Section members without charge. Anyone wishing to join and participate in any session is encouraged to approach me or the vice-chairman.
Practitioners and academics of other countries who are experts in the field of Financial Lines and interested in becoming a national reporter may contact the Chairman. The next meeting will take place in Costa Rica at the occasion of the XVII CONGRESS OF THE IBERO-LATIN AMERICAN COMMITTEE OF AIDA - CILA|COSTA RICA 2022 (22 to 25 Augsut 2022) and in Zurich at the occasion of 9th AIDA Europe Conference (6 to 7 October 2022).
Experts from all over the world are invited to submit suggestions for topics related to this field and to indicate if they are interested in being a possible speaker. Further details about venues, hotels and the time of the meeting will be released soon.
AIDA is thereby the abbreviation for "Association Internationale du Droit des Assurances". If you want to get more information about AIDA itself then click here.