Europe: Insurance

The legal framework of insurance law in Türkiye is established by the Turkish Commercial Code No. 6102 (TCC) and the Law on Insurance No. 5684 (the Insurance Act). The TCC is the principal source of rules governing the parties’ contractual rights and obligations in an insurance contract. The Insurance Act, on the other hand, mainly regulates the establishment and structure of insurance companies, licensing and administrative requirements, and the regulatory supervision of insurance market participants.

The European Union (Motor Insurance) (Amendment) Regulations 2026 introduce significant changes to motor insurance requirements in Ireland, expanding claims-history statement obligations and establishing new non-discrimination measures for policyholders moving between EU Member States. Vehicle insurers must now navigate enhanced transparency requirements, standardised claims documentation...

The Nordic Marine Insurance Plan Version 2027 introduces significant reforms to dispute resolution, environmental sustainability provisions, and war risks coverage. Key changes include establishing NOMA arbitration as the default mechanism, enhanced ESG incentives for vessel repairs, clarified war perils definitions following the Heroic Idun case, and strengthened sanctions and KYC requirements for insurers and shipowners.

Three leading voices from the Guernsey International Insurance Association explore the mechanics, misconceptions, and momentum behind captive and cell structures in Guernsey. The conversation delves into how premium collection, claims, and reinsurance operate inside a captive, why arm's-length pricing and regulatory solvency matter, and how businesses decide between a standalone captive and a faster, lower-cost PCC cell.

As the global insurance and reinsurance industry gathered in Monte Carlo for Les Rendez-Vous de Septembre, Guernsey marked a significant milestone celebrating the 10th anniversary of its champagne reception. The event highlighted recent developments including the establishment of Zenkyoren Re Ltd. and the first tokenised collateralised reinsurance transaction, while industry leaders discussed the challenges of maintaining underwriting discipline amid softer pricing conditions and an increasingly uncertain g

Guernsey Finance serves as the official promotional body for Guernsey's international finance centre, connecting industry professionals with the island's financial services expertise. As a joint government and industry initiative, the organization facilitates relationships and showcases Guernsey's capabilities in global finance. Learn how this strategic partnership supports and advances Guernsey's position in the international financial landscape.