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 Working Party is to ensure an on-going exchange of information about latest developments in the field of financial lines between (future) members of the Working Party.

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).

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 Marrakech (Morocco) at the occasion of the next AIDA Presidential Council meeting and a conference organised by the Moroccan chapter (23 to 25 April 2019). The focus of the meeting will be on CyberRisks insurance. 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.