WICA 2023 features ‘deep dives’ into industry sectors
The opening day of this year’s World Insurance Congress in Australia (WICA) will feature deep dive “Working Party” discussions on building industry liability, workers’ compensation, marine, motor insurance, and more.
The Australian Insurance Law Association (AILA) will host the International Association for Insurance Law’s (AIDA’s) flagship event on August 30 to September 1 at the Melbourne Convention and Exhibition Centre.
The opening day will be devoted to sessions of AIDA working parties which each examine a specific area of insurance. AIDA's Presidential Council has created the working parties to research specific fields of insurance.
"These are not to be missed sessions as they dive deeply into their area of focus with some of the best and brightest providing commentary on these important issues,” it says.
Here are working party discussion details:
MARINE: Importance of Marine Insurance Law, AIDA Chair Satoshi Nakaide; The 'proximate' and 'remote' causes of loss, Professor Ozlem Gurses; Navigating Out of the Past, Professor Kate Lewins; The Limits of Marine Insurance Subrogation, Professor Rob Merkin KC
MOTOR INSURANCE AND GENERAL PRINCIPLES OF INSURANCE LAW: Panel discussion on significant issues for the motor insurance industry including green motor insurance, sustainability principles, and climate mitigation.
FINANCIAL LINES AND CYBER. ESG and financial lines claims in the US and Australia; Coverage for Ransomware Attacks in Germany; Ransomware claims in Australia; Is D&O ready for the DAO? Rethinking corporate personality and responsibility.
REINSURANCE: Follow the fortune, is it law or principle?; The aggregation of Covid-19 business interruption losses; Multi-layered tower risks in Australia and how that market is responding to FI and D&O claims; The big wind blows on far north Queensland.
DISPUTE RESOLUTION: A Fair Go – What insurance ombudsman schemes around the world can learn from the Australian experiment with fairness; Meditation and Arbitration in the US; Arbitration in Hong Kong.
Two additional topics – workers’ compensation and building industry liability – have also been added.
The theme for WICA2023 is “Insurance Upside Down,” with disruption, innovation, sustainability, affordability and collaboration to be discussed.
Australia previously hosted the Congress, which is held every four years, in Sydney in 1994.