HOMS Solicitors proudly hosted our Annual Insurance Conference in London this year to celebrate the opening of our new London office.
On 16th March, key personnel within the Irish and UK insurance claims market were present at the Grange Tower Bridge for an engaging series of presentations and workshops on the theme of ‘The Financial Lines and Casualty Claims Environment in Ireland’.
The Conference was be opened by Dr Hugh O’Donnell, CEO of Ingenium Training and Consulting, and we were privileged to benefit from the insights provided Mr. John Murray, former Chief Justice and Judge of the European Court of Justice who moderated the conference.
Michael Murphy and Wayne Finn, Senior Associates at HOMS, outlined the current financial lines claims landscape in Ireland with a focus upon the most likely risks faced by solicitors, accountants, insurance brokers and construction professionals.
Future, emerging risks in the financial lines sector, such as cyber and GDPR, were also assessed together with a discussion on the impact of technological disruption upon the various professional sectors and effective risk minimisation strategies.
Robert Kennedy and Donal Creaton, Partners at HOMS, then set out the current casualty claims landscape in Ireland with the benefit of their considerable experience, including an interactive valuation exercise on two real life redacted cases.
The necessity for reform in personal injuries litigation in Ireland and the recommendations of the Cost of Insurance Working Group were also discussed. The interaction between members of the legal and insurance professions on this issue was particularly valuable.
The Conference was closed by Dr. O’Donnell who summarised the various presentations and Harry Fehily who thanked all present for their ongoing support.