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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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01/03/2019
What a “no-deal” Brexit means for in­sur­ance com­pan­ies...
16 Mar 20
European in­sur­ance re­cov­ery and res­ol­u­tion frame­work now an in­ev­it­ab­il­ity
For a long time, the in­sur­ance in­dustry has suc­cess­fully ral­lied against at­tempts to in­tro­duce a re­cov­ery and res­ol­u­tion re­gime sim­il­ar to the Bank Re­cov­ery and Res­ol­u­tion Dir­ect­ive (BRRD). However, EIOPA’s...
11/04/2018
New In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018 presents...
28 Feb 20
UK/EU fin­an­cial ser­vices after Brexit -cross bor­der reg­u­la­tion after...
On 25 Feb­ru­ary, the Coun­cil of the EU pub­lished the fi­nal ver­sion of its ne­go­ti­at­ing man­date and, two days later, the UK gov­ern­ment set out its ap­proach to our fu­ture re­la­tion­ship with the EU. Ne­go­ti­ations...
15/03/2018
In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018:
Nu­mer­ous changes for in­surers and re­in­surers
24 Feb 20
In­sur­ance cloud out­sourcing: EIOPA pub­lishes new Guidelines 
EIOPA has pub­lished the fi­nal text of its Guidelines on out­sourcing to cloud ser­vice pro­viders (the “Guidelines”), fol­low­ing last year’s con­sulta­tion. The Guidelines provide guid­ance to in­surers...
CMS Ex­pert Guide to In­sur­ance
28 Jan 20
Avi­ation claims: Po­ten­tial chal­lenge to concept of ac­ci­dent in the...
A re­cent Court of Justice of the European Uni­on (CJEU) de­cision in Decem­ber 2019 may give scope to chal­lenge the defin­i­tion and concept of the term “ac­ci­dent” with­in Chapter III - Art­icle 17 (1) of...
16/11/2016
Thomas Böhm is CM­S's new­est part­ner
17 Jan 20
CJEU rules in­surers li­able for not in­form­ing life in­sur­ance policy...
The European Court of Justice (CJEU) was re­cently asked to rule on the EU­'s Solvency II Dir­ect­ive (and all earli­er le­gis­la­tions reg­u­lat­ing life in­sur­ance) re­gard­ing the can­cel­la­tion rights of in­sur­ance...
02-2016
Trouble loom­ing for in­sur­ance com­pan­ies – The "etern­al"...
23 Dec 19
A new EU op­er­a­tion­al re­si­li­ence frame­work for cy­ber se­cur­ity?
Our re­cent Law-Now art­icle dis­cussed the FCA, PRA and Bank of Eng­land con­sulta­tions on im­prov­ing fin­an­cial sta­bil­ity in the UK mar­kets through op­er­a­tion­al re­si­li­ence. Con­tinu­ing this theme, but now from...