General Insurance Article - Sidley Global Insurance Review

 This review was prepared on the cusp of the novel coronavirus (COVID-19) pandemic, which of course is continuing to affect the global insurance industry in a multitude of unique ways. All stakeholders in the insurance industry, be they carriers, producers or consumers, are affected by this global public health crisis and its economic consequences in ways that are hard to predict. Given the rapidly evolving issues associated with the pandemic, we think it premature to make any meaningful assessment or forecast of COVID-19’s effect on the insurance industry. That said, the insights and analysis presented in this review should be viewed through the prism of the challenges and uncertainties posed by COVID-19, which by all measures appear significant.

 Sidley has organized a multidisciplinary task force to address the wide range of regulatory, transactional and litigation issues companies face in responding to the outbreak. We have established a COVID-19 Resource Center covering a variety of pertinent topics, which can be found here, and will continue to share periodic briefings with our clients and friends.

 To assist stakeholders in the insurance industry, we have assembled a compendium of materials issued by the National Association of Insurance Commissioners and U.S. state insurance departments in response to COVID-19, organized by topic and jurisdiction. We will continue to update this compendium, which can be found here.

 We hope you find the 2020 edition of the Sidley Global Insurance Review to be a valuable tool in navigating the insurance market.

 Please click here to access the review.