Field of expertise

Insurance & Reinsurance

Top-tier law firm in Insurance & Reinsurance

Norelid Advokatbyrå is ranked as a top-tier law firm in Sweden within Insurance & Reinsurance by several leading international ranking institutes. Our specialists provide advice and handle all types of insurance law-related issues that may arise. We offer a full range of services to the insurance sector, tailored to the specific needs of the client. We support our clients in this sector with claims handling, legal analysis, compliance-related issues, drafting and reviewing policy wordings as well as represent clients in insurance-related disputes and managing contact with supervisory authorities.

Long-term collaborations with world-leading insurance companies

Norelid Advokatbyrå has long-term collaborations with several leading actors in the insurance market – both in Sweden and internationally. Our insurance law specialists, together with our global network of collaboration partners, have the expertise to provide our clients with the best possible support and guidance whilst maintaining a clear focus on the company’s core business and operations.

Services we provide

Agreements & Policy Documents

With our expertise, we can draft all types of agreements and internal governance documentation that your organisation needs and requests. Our team can assist you with e.g. legal advice regarding compliance, insurance policies, insurance distribution agreements, cooperation and service agreements, and internal policies and guidelines.

Claims Handling

Several of our clients work together with us in claims handling matters. For some clients, we manage the whole claims handling process, i.e. from initial notice until the claims handling is complete. In other cases, we take on the role of advisors in the client’s on-going claims handling process. We always work closely with the responsible claims manager at the insurer to customise both working and reporting procedures to best suit the individual needs and wishes of our clients.

Policy Wordings

Our insurance team has extensive experience in preparing and reviewing various types of policy wordings and insurance contract documentation, including pre-purchase information. The firm primarily assists insurers with Financial Lines, as well as other types of property and industrial insurances. This includes, for example, liability insurance, cyber insurance, directors’ and officers’ liability (D&O) insurance, property insurance, and various types of professional liability insurance etc.

Market Adjustments & Translations

As several of our clients are international insurers, we often assist in translating and adapting insurance products to the Swedish market. We ensure that both insurance terms and other information provided to policy holders meet the requirements and comply with Swedish law.

Regulatory Issues

Through our industry knowledge and deep understanding of the insurance markets, we can assist in all types of regulatory issues while your organisation can continue to focus on its core business.

Among other things, we assist our clients with:

– Permit applications
– Contacts with the Swedish Financial Supervisory Authority and other authorities
– Risk management
– Internal governance documentation and suitability assessments
– Advice and documentation regarding compliance with AML legislation and regulations
– Other regulatory issues and matters

Lectures & Seminars

We offer client-adapted and interactive courses tailored to your organisation’s specific needs, whether they concern insurance distribution issues or product-specific challenges.

Dispute Resolution

Our lawyers have extensive experience of acting as counsel in all types of insurance law disputes, both in courts and in arbitration proceedings. Together with our international contacts in other jurisdictions, we can also act as counsel in cross-border disputes in courts and in arbitration proceedings abroad.

Unique Cyber Incident Desk Service for the Insurance Industry

The insurance industry has started to request special knowledge and services within the field of cyber risk. Therefore, we have developed a unique Cyber Incident Desk Service for our insurers. Together with insurance companies, we assist the policy holders that have cyber insurance and have been exposed to cyber incidents. With our collaboration partners, both in Sweden and abroad, with expertise in fields such as data security, IT forensics, media/PR etc., we assist market actors who have been exposed to cyber incidents. Our service desk is available 24/7/365. We coordinate with other relevant parties and act as Incident Managers to ensure that regulatory requirements are met, as well as ensure that the client in question recover from the incident as fast as possible.