Benefit Litigation Participates in SibLegalWeek-2023

From October 2 to 7, the Siberian Legal Week (SibLegalWeek-2023) was convened in Novosibirsk.

During the event, leading industry experts deliberated on pressing issues within the legal market.

Benefit Litigation acted as a partner for the session entitled “Insurance Law: How to Quickly and Effectively Settle Large Property Losses,” with General Director Kirill Krasnov participating in the discourse.

 Topics addressed included:

            • The escalation of loss ratios in the Russian property insurance market, including challenges posed by drones, shells, rockets, and other adversities.

            • Developments in the insurance market following the imposition of sanctions; the capacity of Russian insurers to operate without foreign insurers and reinsurers.

            • Classification of recent events as military actions or terrorist acts by insurers, and the requisite provisions to incorporate into insurance contracts.

            • Discriminatory clauses in property insurance agreements that policyholders should eschew.

            • Emerging trends involving the violation of any rules leading to denial of insurance indemnities.

            • Procedures for loss adjustment and primary considerations therein.