As an insurance company you are there for your customers when the worst happens. Be it accidental injury or damage, natural disasters, the death of a loved one: you provide a service at some of the most difficult times in their lives. The rest of the time, you offer peace of mind.
It’s a tremendous service, and one in which we aim to support you with our extensive knowledge of insurance matters and the broader commercial issues that companies such as yours face.
A changing sector
At present the insurance industry itself is facing difficult times, with growth yet to recover fully after the 2008 global financial crisis. Political upheaval in the US and UK has only added to existing uncertainty about how and where companies can turn a profit. Partly as a result, mergers and acquisitions are on the rise and our lawyers are on hand to ensure these run smoothly, assisting with negotiations, drawing up contracts, ironing out any conflicts and handling related issues such as tax and employment.
Technology is moving particularly rapidly in this sector and you may need to protect your intellectual property as you devise ways to harness it to interact with your customers more effectively. Or perhaps you are considering how developments from driverless cars to ‘robo-advisers’ will affect your business and would like some insights into new markets.
Your first phone call
Like you, we reassure our clients that our help is available when they need it. That means explaining what you can expect when things go wrong – for example advising on likely outcomes of high-value claims – and if necessary fighting for your interests in court. In Singapore, our highly experienced, market-leading team at Withers KhattarWong LLP acts for 80% of insurance companies in the market, advising on a variety of matters including liability and coverage issues, professional negligence and all types of disputes.
We are also here to ensure that everything runs smoothly when times are good, conducting regular seminars for insurance companies on developments and updates in insurance and reinsurance. As a full-service law firm operating out of 16 offices around the world, we can naturally fulfill any broader needs you may have as well. Our insurance litigators will call on equally qualified corporate lawyers, tax lawyers, employment lawyers and many more to offer you technical legal excellence across the board. Think of it as your own peace of mind.
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The way ahead
Legal advice on managing coronavirus
Coronavirus has left nothing untouched around the world, and will leave a long legacy of changes behind it. To help you adapt to this new world and identify the way ahead, we have a wealth of analysis and guidance available.
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