The Insurance Act 2015 – are you ready?

As we fast approach August, it will soon be just one year until implementation of the Insurance Act on 12 August 2016. There is much to do in this time to ensure all businesses and their insurance advisers are familiar with the provisions of the new Act. But what are they and who should take note?

Here, I interview BLM consultant and former Law Commissioner, David Hertzell, who sheds some light on where we are today…

Continue reading

Let the countdown begin – Insurance Act 2015

Years of detailed consultations and Parliamentary scrutiny culminated in the first change to the law relating to commercial insurance in more than a century as the Insurance Bill received Royal Assent yesterday. We haven’t been backwards in coming forwards about the huge impact of the new Insurance Act 2015. It’s imperative that the industry starts to prepare now for its implementation on 12 August 2016. The existing regime was founded in 1906 and so a makeover for the 21st Century is welcomed with open arms. We will continue to assist all of our customers as they prepare for the changes required by Insurance Act 2015. We do consider that the Act will provide significant opportunities for the insurance industry to meet the needs of its customers in the 21st Century and we look forward to your views, comments and questions. The clock is ticking!


About the Author

akAlistair Kinley is BLM’s Director of Policy & Government Affairs.

Alistair is responsible for BLM’s engagement with government departments and regulators on policy and public affairs issues and consultations affecting the firm and its customers. He coordinated BLM’s market-facing activities in connection with the Insurance Act 2015 and the consultations which preceded its publication and introduction in Parliament.

He is a member of the Civil Justice Council (CJC), a regular speaker and experienced commentator on legal and procedural reforms and was a contributing editor to the Law Society’s Litigation Funding Handbook (September 2014).

Preparing for the Insurance Bill

Last year the government introduced the Insurance Bill to Parliament, with the aim of supporting the growth of Britain’s insurance industry and helping customers by updating the 100 year-old rules governing contracts between businesses and insurers.

The Bill introduces a more modern legal regime, which will benefit both insurers and their business customers by increasing transparency and certainty over the rules that govern contracts between them and hopefully reduce the number of legal disputes
over time…[read more]


About the Author

akAlistair Kinley is BLM’s Director of Policy & Government Affairs.

Alistair is responsible for BLM’s engagement with government departments and regulators on policy and public affairs issues and consultations affecting the firm and its customers. He coordinated BLM’s market-facing activities in connection with the Insurance Act 2015 and the consultations which preceded its publication and introduction in Parliament.

He is a member of the Civil Justice Council (CJC), a regular speaker and experienced commentator on legal and procedural reforms and was a contributing editor to the Law Society’s Litigation Funding Handbook (September 2014).