The Insurance Team is an amalgamation of domain specialised lawyers who are dedicated to handle issues arising in the Insurance sector in India. The firm frequently advises on regulatory, policy & legislation and also handles contentious disputes leading to litigation across forums. The Insurance team spread across offices in New Delhi and Mumbai provide regular support in coordination with the Mergers & Acquisitions,Consumer,Dispute Resolution, Regulatory & Public Policy,Labour & Employment, Intellectual Property, Tax and other teams to provide transactional, advisory and litigation services.
The insurance sector is has been rapidly growing ever since the sector was liberalized and with the setting up of sectoral regulator, the Insurance Regulatory and Development Authority established under the Insurance Regulatory and Development Authority Act, 1999.
The sector is one of the fastest growing sectors in India, with rapidly increasing investment in the insurance market, the sector has also provided long term funds to various sectors. The insurance sector is split into public and private insurance companies and the business is spread into life and non-life insurance which comprises of areas such as Health Insurance, Travel Insurance, Motor Insurance, Marine Insurance, Home Insurance, Commercial Insurance and professional liability insurance.
We advised our clients in respect of insurers, reinsurers, intermediaries, investors and policyholders. We also assist investors on M&A, reorganisations and restructurings, agreements with service providers, insurance agents, provide insights on regulatory issues, registrations and other compliances, corporate restructuring, competition related aspects, capital markets related transactional work.
The firm’s Shipping team coordinates for cargo claims, settlement negotiations and marine insurance policy.
The corporate team also coordinates with the Dispute Resolution and Insurance Claims litigation team to strategise on the litigations of the clients. The Firm actively leads and represents the Clients before the regulator as well as various courts including Tribunals, Consumer Forums, High Courts and Supreme Court.