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Insurance

Austria

Whether you are an insurer, broker, reinsurer or insured party, you face an increasingly unpredictable world. From day-to-day operational matters to strategic planning, liability and disputes resolution, policy drafting, coverage and regulatory issues, your world is changing rapidly as tougher capital and risk requirements impact your business. With 100 specialist lawyers in 42 countries, we are attuned to your commercial interests and can protect them in your home market and across borders.

We understand the complexities of your markets. Whether you require guidance on claims, regulation policy drafting, wider business disputes, M&A, capital raisings and restructurings, cyber or other liability, HR, tax, real estate or commercial issues, our multi-disciplinary specialists can help you. We have a recognised domestic and cross-border track record of delivering for clients on the most complex transactional and advisory engagements in this sector. Equally, in the event of a domestic or cross-border insurance or reinsurance dispute, we can guide you through the disputes process, striving to secure the best business outcome.

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Thomas Böhm
01/03/2019
What a “no-deal” Brexit means for in­sur­ance com­pan­ies...
24/04/2019
Bel­gian reg­u­lat­ory frame­work for MGAs now in force
On 21 Novem­ber 2018 and 7 March 2019, we is­sued news­let­ters (re­spect­ively avail­able here and here) re­gard­ing the Bel­gian pro­pos­al to cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents (“MGAs”) in Bel­gi­um (“Pro­pos­al”).
11/04/2018
New In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018 presents...
12/03/2019
Bel­gi­um braces for Hard Brexit with draft law
On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late UK's de­par­ture and define its fu­ture re­la­tion­ship.
Thomas Böhm
15/03/2018
In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018:
Nu­mer­ous changes for in­surers and re­in­surers
07/03/2019
Up­date of Bel­gian pro­pos­al for MGA reg­u­lat­ory frame­work
On 21 Novem­ber 2018, we is­sued a news­let­ter (ac­cess­ible here) re­gard­ing a draft law amend­ing the law of 4 April 2014 on in­sur­ance, which will cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents (“MGAs”) in Bel­gi­um (“Pro­pos­al”).
16/11/2016
Thomas Böhm is CM­S's new­est part­ner
20/09/2018
Stand­ard­isa­tion of with­draw­al rights for poli­cy­hold­ers and new reg­u­la­tions...
On 4 Ju­ly 2018, the Na­tion­al Coun­cil ad­op­ted a com­pre­hens­ive amend­ment to the rights of with­draw­al for poli­cy­hold­ers. At the same time, the leg­al con­sequences for “late with­draw­al” in life in­sur­ance will be reg­u­lated by law.
02-2016
Trouble loom­ing for in­sur­ance com­pan­ies – The "etern­al"...
10/09/2018
Brexit and the in­sur­ance sec­tor – in­form cus­tom­ers about Brexit’s...
The European In­sur­ance and Oc­cu­pa­tion­al Pen­sions Au­thor­ity (“EIOPA”) provided an opin­ion on in­form­ing cus­tom­ers about the im­pact of the with­draw­al of the United King­dom from the European Uni­on (“Opin­ion”).
12/11/2015
CMS Part­ner Döne Yalçın Be­comes the First Turk­ish Mem­ber...
13/06/2018
EU tem­por­ary meas­ures on CF­Ds and bin­ary op­tions
On 22 May 2018, the European Se­cur­it­ies and Mar­kets Au­thor­ity (“ESMA”) ad­op­ted two de­cisions im­ple­ment­ing tem­por­ary product in­ter­ven­tion meas­ures. These de­cisions re­strict the mar­ket­ing, dis­tri­bu­tion and sale of con­tracts for dif­fer­ence (“CF­Ds”) and bin­ary.