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legal practice areas

Insurance Law

Insurance is a type of risk management where risk of a loss is transferred from one party to another, through payment of a premium. Reinsurance involves insuring the insurer - usually where large amounts of money are at stake – passing on the risk again.

Companies use insurance for their larger commercial activity, such as investment management, and merger and acquisitions.

What does an insurance lawyer do?

To a large extent, this will depend on the type of firm you are at and the type of clients you have. For example, you may be acting for individuals who are bringing claims against their insurance companies for rejecting claims on their policies.

At the big business end of insurance law, large firms usually act on behalf of the insurance or reinsurance companies on a wide range of activities, from advising companies on claims being made against them, to the transfer of business between insurers as a results of a merger or acquisition.

Insurance lawyers review claims being made on behalf of, or against, their client and advise their client on the likely strength of the case. If things turn contentious, claims can be pursued either by arbitration or in the courts.

What skills are required?

This is an area of law in which contract law features heavily, so you will need a good grounding in this area of law, an eye for detail and excellent drafting skills. Commercial awareness is important to enable lawyers to understand their client’s situation and make sounds business judgements.

As with many areas of law, communication and team working skills are a prerequisite.

Useful links


Target Law  

The British Insurance Law Association (BILA)