EIOPA’s Second Report on the Implementation of IDD: Improvements and Challenges
21 February 2024
Following the strategic update by the European Insurance and Occupational Pensions Authority (EIOPA) regarding the Supervisory Convergence Plan for 2024, it is important to reflect on the impact of the Insurance Distribution Directive (IDD).
Read MoreEuropean Financial Sector Strengthens Digital Resilience: DORA Regulations in Focus
14 February 2024
In a significant move towards enhancing digital operational resilience in the European Union’s financial sector, the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), also known as the three European Supervisory Authorities (ESAs), have jointly published the first set of final draft technical standards under the Digital Operational Resilience Act (DORA). On 27 December 2022, DORA was published in the Official Journal of the European Union and entered into force on 16 January 2023 and it will apply from 17 January 2025. DORA outlines obligations to be met by financial services firms in the EU to bolster their cyber risk management and operational resilience.
Read MoreAmendment to The Motor Vehicles (Third Party Liability Insurance) Laws of 2000-2021 Law Number 167(I) of 2023
09 February 2024
On 20 December 2023, the House of Representatives passed a pivotal legislative amendment, Law Number 167(I) of 2023, bringing significant changes to the legal framework governing the Motor Vehicles' Third Party Liability Insurance Laws of 2000-2021.
Read MoreEIOPA’s 2024 Supervisory Convergence Plan
07 February 2024
On 21 December 2023, the European Insurance and Occupational Pensions Authority (EIOPA), in a significant update to its strategic plan, unveiled its Supervisory Convergence Plan for 2024, marking a pivotal step toward fostering a cohesive supervisory culture across the European Union (EU). The initial news item regarding the initiative can be explored here.
Read MoreAPIL International Injuries Conference 2023
01 December 2023
We thank the Association of Personal Injury Lawyers (APIL) for inviting us to the 8th annual APIL International Injuries Conference 2023.
Read MoreReshaping the Insurance Sector: EIOPA's 2024-2026 Vision for Sustainability and Digital Transformation
10 November 2023
The European Insurance and Occupational Pensions Authority (EIOPA) has presented its strategic vision for 2024-2026. With an ever-changing landscape of challenges, risks, and opportunities, EIOPA is committed to addressing the uncertainties arising from transformative times. The primary objective is to ensure that the insurance and pensions sectors remain a reliable source of value for policyholders, beneficiaries, businesses, and the broader European Union economy.
Read MoreAPIL international injuries conference
09 November 2023
Harris Kyriakides is pleased to participate in the 8th annual APIL International Injuries Conference 2023, which will take place on Thursday, November 30th, at the Marriott Regents Park Hotel in London. Through interactive sessions, panel discussions, and practical case studies, the conference aims to empower legal professionals with the knowledge and skills necessary to navigate the complexities of international injury claims effectively.
Read MoreINSIDER magazine “Insurance Guide"
30 October 2023
Our Insurance and Personal Injury team discusses recent trends and much more in the latest issue of INSIDER magazine by Phileleftheros titled “Insurance Guide”.
Read MoreWhiplash Reform: Interim Report highlights challenges and calls for investigation
09 October 2023
In April 2021, the United Kingdom witnessed a significant shift in its legal landscape, particularly in the realm of personal injury claims arising from road traffic accidents. This transformation was marked by the introduction of the Whiplash Reform Programme and the Official Injury Claim Service (OIC), which have since had a profound impact on how such claims are processed. This portal was designed to facilitate individuals who had sustained minor injuries as a result of road traffic accidents to pursue compensation without the need for legal assistance.
Read MoreCase Note regarding McCulloch and others (Appellants) v Forth Valley Health Board (Respondent) (Scotland) [2023] UKSC 26
28 August 2023
Recent Judgement by the Supreme Court of the United Kingdom, regarding the duties of doctors to discuss alternative treatments with patients and what legal test should be applied to assess whether an alternative treatment is reasonable.
Read MoreThe recent amendment to the Insurance and Reinsurance Services and Other Related Matters Law
01 August 2023
An amendment to the Insurance and Reinsurance Services and Other Related Matters Law of 2016 (Law 38(I)/2016, “the Law”) was recently voted by the Parliament of Cypriot Republic, introducing some provisions relating mainly to the Commissioner of Insurance.
Read MoreThe forthcoming amendment of the Motor Vehicles and Traffic Act 1972 (86/1972)
13 February 2023
The European Parliament and the Council on 24 November 2021 adopted the Directive (EU) 2021/2118 aiming to modernise and amend the Directive 2009/103/EC relating to insurance against civil liability in respect of the use of motor vehicles, and the enforcement of the obligation to insure against such liability.
Read MoreMedical negligence case study GA v Dr AP
23 November 2022
The court's verdict was that there was medical negligence, due to which the plaintiff suffered an everlasting serious bodily injury but did not award damages for future wage loss.
Read MoreBereavement Damages – Out of touch with modern families.
17 November 2022
For many years, the law in relation to bereavement damages has been outdated and is not reflecting today’s modern society and ensuring a level playing field across the UK and the rest of the world including Cyprus.
Read MoreNon – Disclosure and False Statements in Motor Insurance Proposals
23 May 2022
Following a recent amendment of the Law an Insurer may no longer be able to avoid satisfying a Court Judgments concerning third-party motor claim, regardless of whether an Insurance Policy was issued because of material non-disclosure and/or false statements.
Read MoreCross Border Insurance Claims following Brexit, time for Insurers to turn to arbitration?
20 May 2022
In the Pre – Brexit world European Insurers dealing with UK parties could rely on Regulation (EU) No 1215/2012 setting out the legal framework on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Brussels Recast Regulation).[1]
Read MoreMotor Third Party Liability Insurance and Accidents on Private Land
11 October 2021
Directives issued by the European Union are legislative acts which guide the Member States to act in a particular way in order to achieve a uniform result.
Read MoreDouble Motor Τhird-Party Liability Insurance
08 October 2021
In many legal systems, Motor Third Party Liability Insurance (“MTPL”) is not an optional choice, but, on the contrary obligatory, and its main purpose is to ensure that innocent third parties involved in car accidents have access to adequate compensation.
Read MoreHarris Kyriakides announces three new partners, effective September 1, 2021
15 September 2021
The new partners are Andrea Newton, Eleni Neoptolemou and Ioanna Leonidou.
Read MoreCompensations Booklet 2020
14 June 2021
In our Compensations booklet for 2020 you may find a summary of all rulings issued by Cypriot courts in 2020, in which compensations were awarded for damages resulting from any form of accident.
Read MoreWe are delighted to announce that our firm is represented in the board of directors of the Cyprus Forum of Insurance Lawyers (FIL)
11 May 2021
A team of lawyers who specialise on insurance law have established a union, under the name of Forum of Insurance Lawyers – FIL.
Read MoreMarine Cyberattacks: Analysis of Liability and IMO 2021
05 April 2021
Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations.
Read MoreApproaching UK Whiplash Reforms Could Influence Cyprus
19 March 2021
The much-expected UK whiplash reforms introduce a new procedure for claims concerning soft tissue injuries from Road Traffic Accidents (RTAs).
Read MoreBusiness Interruption COVID-19 Test Case: Financial Conduct Authority’s Test Case- The UK Supreme Court’s Decision
23 February 2021
Business Interruption COVID-19 Test Case.
Read More2009 Motor Insurance Directive: an Evaluation of Current Proposals for Amendment
14 December 2020
The 2009 Motor Insurance Directive is paramount for materialising the fundamental right of freedom of movement for European citizens across the EU.
Read MoreCOVID-19 Test Case Judgment: To What Extent Are Business Interruption Policies Triggered by Non-Physical Damage/Loss?
24 November 2020
Business Interruption (BI) insurance policies are normally triggered by physical damage/loss.
Read MoreIntroducing IFRS 17 on Insurance Contracts
03 February 2020
IFRS 17 Insurance Contract (International Financial Reporting Standards) is the new accounting standards for insurance contracts. IFRS 17 was introduced on May 2017 by International Accounting Standards Board (IASB) and it is a profound development on setting out a common global accounting standard on measurement, recognition of profit and loss, presentation and disclosure of insurance contracts.
Read MoreCompensations in accident cases
08 July 2019
In the Compensations booklet below, you may find a summary of all rulings issued by the Cypriot courts in 2018, in which compensations were awarded for damages resulting from any form of accident. The purpose of this report is to give an indication of the amount of compensation given for various accident cases.
Read MoreCompensations in accident cases
08 July 2019
In the Compensations booklet below, you may find a summary of all rulings issued by the Cypriot courts in 2018, in which compensations were awarded for damages resulting from any form of accident. The purpose of this report is to give an indication of the amount of compensation given for various accident cases.
Read MoreReport of the Personal Data Protection Commissioner for the Insurance Sector
24 June 2019
Following an audit carried out in the insurance sector, the Commissioner for Personal Data Protection (the Commissioner) published her findings about the improvements to be made and accomplished before the end of June.
Read MoreProposal regarding the Motor Insurance Directive
13 May 2019
The proposal, as submitted by the Commission, seeks to amend the Motor Insurance Directive (2009/103/EC) in five specific areas: (i) insolvency of the insurer; (ii) claims history; (iii) risks due to uninsured driving; (iv) minimum amounts of cover; and (v) scope of the Directive.
Read MoreWork accidents and Personal Injuries Claims: Recent judgments by the Supreme Court of Cyprus
21 August 2018
Read MoreNew legislation on stolen imported cars
31 October 2016
Read MoreCourt ruling allowing repatriation of stolen cars to the UK
20 February 2013
Read MoreExaggerated claims in motor accident cases under the microscope of the Supreme Court
26 November 2012
Read MoreEU Commission opens public consultation οn cross-border road traffic accidents
30 July 2012
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