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. 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 Panel: Christos Voniatis, CV Insurance Law, Cyprus Gheorghe Grad, Renomia, Romania Kristian Ostberg, Raeder Bing, Norway Paul Wordley, Wordley Law, United Kingdom Hosted by Jenny, Global Law Experts.