Insurance Law's Next Decade: Climate, AI and Cross-Border Risk?

Four insurance lawyers and a broker from Cyprus, Romania, Norway and the UK set out how climate risk, AI and globalisation will reshape insurance law over the next decade. The through-line: EU rules (Solvency II, GDPR, the incoming AI Act) are pushing climate and AI exposures into underwriting, governance and product design, leaving real gaps in cover that markets have not yet filled, while professional and energy-sector liability looms as the biggest claims threat across every jurisdiction.

How Climate Risk, AI and Cross-Border Regulation Are Changing Insurance Law

The panel explains how EU rules, including Solvency II, the GDPR and the incoming EU AI Act, are pushing climate and AI exposures into underwriting, governance and product design. Each jurisdiction brings its own perspective: Romania’s compulsory household cover and earthquake reinsurance, tighter supervision and disclosure in Cyprus, Norway’s compulsory natural damage pool, and flood cover gaps and shareholder activism in the UK. The speakers also look at AI in pricing and claims, the gaps in cover that markets have yet to fill, how to manage cross-border insurance programmes, and why professional and energy-sector liability may be the biggest claims threat in the years ahead.

Chapters:
0:00 Panel introductions

2:25 Question 1: how climate risk is reshaping insurance law

3:00 Romania: compulsory household cover and earthquake reinsurance

5:55 Cyprus: hardening supervision, disclosure and product design

8:10 Norway: the compulsory natural damage pool

11:30 UK: flood gaps, public nuisance and shareholder activism

14:45 Question 2: AI in underwriting, pricing and claims

15:50 Romania: GDPR, the EU AI Act and vendor contracts

19:20 Cyprus: anti-discrimination risk and strategic opportunity

22:15 Norway: capacity gains and a flood of AI-written complaints

25:35 UK: cover gaps and the case for a bespoke AI product

35:20 Question 3: navigating cross-border regulation

35:45 Romania: master programmes and non-admitted insurance

39:50 Cyprus: harmonising international schemes under GDPR

41:30 Norway: how shared EU rules ease cross-border work

43:15 UK: Lloyd’s, sophisticated clients and the trusted network

45:30 Biggest liability exposure of the next decade

Meet the roundtable participants:

• Christos Voniatis – C. Voniatis & Co LLC, Cyprus (Insurance)
• Gheorghe Grad – Renomia, Romania (Insurance)
• Kristian Østberg – Ræder Bing Advokatfirma AS, Norway (Insurance)
• Paul Wordley – Wordley Law, United Kingdom

Hosted by Jenny, Global Law Experts.