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<br /> INSURANCE REVIEW<br /> MAY 2016<br /> <br /> CONTENTS<br /> INTRODUCTION 04<br /> CLASS ACTIONS<br /> ■ FIRMLY ON THE RADAR 06<br /> DIRECTORS AND OFFICERS (D&O)<br /> ■ D&O, CLASS ACTIONS AND SHARED LIMITS –<br /> PERHAPS SOME SELF REGULATION AND COMMON SENSE ? 08<br /> FINTECH AND THE INSURANCE INDUSTRY<br /> ■ THE FINTECH REVOLUTION<br /> WHAT IT MEANS FOR THE INSURANCE INDUSTRY 10<br /> CONSTRUCTION<br /> ■ ACCESSING SECURITY UNDER CONSTRUCTION CONTRACTS<br /> WHAT HAPPENS WHEN THE MUSIC STOPS? 12<br /> CYBER<br /> ■ INSURING ON CYBER PROTECTION – ENHANCING<br /> THE FIRST LINE OF DEFENCE <a title="Insurance_review_May2016_3069752 page 1" href="http://viewer.zmags.com/publication/9c0ba72f?page=1"> INSURANCE REVIEW MAY 2016</a> <a title="Insurance_review_May2016_3069752 page 2" href="http://viewer.zmags.com/publication/9c0ba72f?page=2"> </a> <a title="Insurance_review_May2016_3069752 page 3" href="http://viewer.zmags.com/publication/9c0ba72f?page=3"> CONTENTS INTRODUCTION </a> <a title="Insurance_review_May2016_3069752 page 4" href="http://viewer.zmags.com/publication/9c0ba72f?page=4"> INTRODUCTION It is impossible to avoid the p</a> <a title="Insurance_review_May2016_3069752 page 5" href="http://viewer.zmags.com/publication/9c0ba72f?page=5"> In Australia, the focus of the partners is to be </a> <a title="Insurance_review_May2016_3069752 page 6" href="http://viewer.zmags.com/publication/9c0ba72f?page=6"> CLASS ACTIONS CLASS ACTIONS It has been another</a> <a title="Insurance_review_May2016_3069752 page 7" href="http://viewer.zmags.com/publication/9c0ba72f?page=7"> plaintiff, Melbourne City Investments, had been i</a> <a title="Insurance_review_May2016_3069752 page 8" href="http://viewer.zmags.com/publication/9c0ba72f?page=8"> D&O D&O, CLASS ACTIONS AND SHARED LIMITS – PERHA</a> <a title="Insurance_review_May2016_3069752 page 9" href="http://viewer.zmags.com/publication/9c0ba72f?page=9"> THE PERILS OF SHARED LIMITS Most D&O policies pro</a> <a title="Insurance_review_May2016_3069752 page 10" href="http://viewer.zmags.com/publication/9c0ba72f?page=10"> FINTECH AND THE INSURANCE INDUSTRY THE FINTECH R</a> <a title="Insurance_review_May2016_3069752 page 11" href="http://viewer.zmags.com/publication/9c0ba72f?page=11"> Insurance) is an online property insurance </a> <a title="Insurance_review_May2016_3069752 page 12" href="http://viewer.zmags.com/publication/9c0ba72f?page=12"> CONSTRUCTION ACCESSING SECURITY UNDER CONSTRUCTI</a> <a title="Insurance_review_May2016_3069752 page 13" href="http://viewer.zmags.com/publication/9c0ba72f?page=13"> The message for insurers and financial institutio</a> <a title="Insurance_review_May2016_3069752 page 14" href="http://viewer.zmags.com/publication/9c0ba72f?page=14"> As to the balance of convenience, the Court also </a> <a title="Insurance_review_May2016_3069752 page 15" href="http://viewer.zmags.com/publication/9c0ba72f?page=15"> CYBER INSURING ON CYBER PROTECTION – ENHANCING T</a> <a title="Insurance_review_May2016_3069752 page 16" href="http://viewer.zmags.com/publication/9c0ba72f?page=16"> ENHANCING CYBER PROTECTION – GETTING THE BASICS R</a> <a title="Insurance_review_May2016_3069752 page 17" href="http://viewer.zmags.com/publication/9c0ba72f?page=17"> The incident response procedures must be regularl</a> <a title="Insurance_review_May2016_3069752 page 18" href="http://viewer.zmags.com/publication/9c0ba72f?page=18"> DEVELOPMENTS IN DEFAMATION LAW THE YEAR OF THE TW</a> <a title="Insurance_review_May2016_3069752 page 19" href="http://viewer.zmags.com/publication/9c0ba72f?page=19"> defamation proceedings against Mr Lucht, former h</a> <a title="Insurance_review_May2016_3069752 page 20" href="http://viewer.zmags.com/publication/9c0ba72f?page=20"> PRIVACY PRIVACY CONCERNS IN THE HEALTHCARE SECTO</a> <a title="Insurance_review_May2016_3069752 page 21" href="http://viewer.zmags.com/publication/9c0ba72f?page=21"> needed.” Mr Z became aware of this conversation a</a> <a title="Insurance_review_May2016_3069752 page 22" href="http://viewer.zmags.com/publication/9c0ba72f?page=22"> IMPLEMENTATION OF THE AEC AND THE IMPACT ON THE I</a> <a title="Insurance_review_May2016_3069752 page 23" href="http://viewer.zmags.com/publication/9c0ba72f?page=23"> Blueprint 2015 stipulates that the liberalisation</a> <a title="Insurance_review_May2016_3069752 page 24" href="http://viewer.zmags.com/publication/9c0ba72f?page=24"> The Malaysian insurance industry is open to forei</a> <a title="Insurance_review_May2016_3069752 page 25" href="http://viewer.zmags.com/publication/9c0ba72f?page=25"> DATA PRIVACY ISSUES FROM CROSS-BORDER SUPPLY Indo</a> <a title="Insurance_review_May2016_3069752 page 26" href="http://viewer.zmags.com/publication/9c0ba72f?page=26"> THE FUTURE We can see that advances towards the i</a> <a title="Insurance_review_May2016_3069752 page 27" href="http://viewer.zmags.com/publication/9c0ba72f?page=27"> DISCLOSURE REQUIREMENTS FOR ENVIRONMENTAL RISKS </a> <a title="Insurance_review_May2016_3069752 page 28" href="http://viewer.zmags.com/publication/9c0ba72f?page=28"> Ultimately, whether a director will be personally</a> <a title="Insurance_review_May2016_3069752 page 29" href="http://viewer.zmags.com/publication/9c0ba72f?page=29"> LONG-TAIL LIABILITIES IN THE MEDICAL MALPRACTICE </a> <a title="Insurance_review_May2016_3069752 page 30" href="http://viewer.zmags.com/publication/9c0ba72f?page=30"> ‘‘If the plaintiff refused to take the firm a</a> <a title="Insurance_review_May2016_3069752 page 31" href="http://viewer.zmags.com/publication/9c0ba72f?page=31"> AME HOSPITALS PTY LTD V DIXON [2015] WASCA 63 The</a> <a title="Insurance_review_May2016_3069752 page 32" href="http://viewer.zmags.com/publication/9c0ba72f?page=32"> EARTHQUAKE CASES KEEP NEW ZEALAND COURTS BUSY C</a> <a title="Insurance_review_May2016_3069752 page 33" href="http://viewer.zmags.com/publication/9c0ba72f?page=33"> did not equate to the insured having to spend his</a> <a title="Insurance_review_May2016_3069752 page 34" href="http://viewer.zmags.com/publication/9c0ba72f?page=34"> INSURANCE REGULATION UPDATES AND PENDING REFORMS </a> <a title="Insurance_review_May2016_3069752 page 35" href="http://viewer.zmags.com/publication/9c0ba72f?page=35"> ASIC has also flagged its intention to undertake </a> <a title="Insurance_review_May2016_3069752 page 36" href="http://viewer.zmags.com/publication/9c0ba72f?page=36"> KEY INSURANCE CONTACTS For more informatio</a>