INSURANCE LAW DEPARTMENT
Portugal - Cyber Risk Insurance in Portugal
In recent times, we have been facing an exponential increase in cyber-attacks on companies and State services, which have caused numerous disturbances, not only to those entities, but also, in many cases, to citizens or professionals working in the affected areas. It is therefore important to understand how companies can protect themselves against potential attacks by taking out insurance covering cyber risks.
Portugal - New law of insurance and reinsurance activity in Angola
The new legal regime of Insurance and Reinsurance Activity in Angola was published last July 7th. In short, this legislation allows foreign insurers to stablish in Angola and invest in the Angolan insurance market, therefore it is essential to know the key contents. In collaboration with our Angolan partners, CGA Advogados we present the main points that the new legal regime has brought in that country:
Portugal - What happens to the insurance contract in case of insolvency of the policyholder or insured?
Through the mechanism of exoneration of remaining liabilities provided for in insolvency proceedings of private individuals, they may free themselves from their debts and obtain a fresh start. However, in cases where individuals are policyholders or insured under insurance contracts, it is important to analyse whether their declaration of insolvency will have any effect on the scope of such existing contracts.
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