
Insurance
Clifford Chance Prague is a trusted advisor to insurance companies, reinsurers, brokers, and other industry participants in navigating the complex legal landscape and achieving their business objectives. Our integrated cross-practice team of experienced lawyers understands the evolving regulatory environment, market dynamics, and technological advancements shaping the insurance industry. We provide strategic advice and innovative solutions to help clients navigate regulatory requirements, manage risks, and capitalize on emerging opportunities.
Our comprehensive legal services for the insurance industry include:
- Regulatory Compliance and Licensing: We assist insurance companies in understanding and complying with regulatory requirements governing insurance operations. Our team provides guidance on licensing, solvency requirements, corporate governance, and compliance with insurance laws and regulations, ensuring that clients meet regulatory standards and maintain their license to operate.
- Insurance Product Development and Distribution: We advise clients on insurance product development, including drafting of policies, terms and conditions, and insurance contracts. Our lawyers assist in obtaining regulatory approvals for insurance products, designing distribution channels, and ensuring compliance with consumer protection laws, helping clients bring innovative products to market effectively.
- Reinsurance and Risk Transfer: We provide strategic advice and support to insurance companies and reinsurers in structuring reinsurance arrangements and risk transfer transactions. Our team advises on treaty and facultative reinsurance agreements, retrocession arrangements, and alternative risk transfer mechanisms, helping clients optimize their risk management strategies and capital utilisation.
- Claims Handling and Dispute Resolution: We assist insurance companies in managing claims and resolving disputes effectively. Our lawyers provide guidance on claims handling procedures, coverage disputes, subrogation actions, and insurance litigation, ensuring that clients protect their interests and reputation while maintaining positive customer relationships.
- Corporate Transactions and Mergers: We advise insurance companies and investors in corporate transactions, mergers, and acquisitions. Our team assists in due diligence, transaction structuring, and negotiation of sale and purchase agreements, ensuring that clients achieve their strategic objectives while managing legal and regulatory risks associated with corporate transactions.
- Emerging Risks and Insurtech: With the rise of emerging risks and technological innovations, we help clients navigate the opportunities and challenges of Insurtech and digital transformation. Our lawyers provide guidance on regulatory compliance, data privacy, cybersecurity, and contractual arrangements related to Insurtech initiatives, helping clients leverage technology to enhance operational efficiency and customer experience.