Professor Philip Rawlings, Director of the Insurance Law Institute
What is the Insurance Law Institute?
The Insurance Law Institute was established in 2012 as part of the Centre for Commercial Law Studies (CCLS) to support high quality teaching and research in all areas of Insurance Law. In 2012-13, students were accepted onto the LLM in Insurance Law, which was the first of its kind in the UK. To celebrate, this first cohort of students were made Founder Life Members of the Insurance Law Institute. In 2013-14 the Institute launched the LLM in International Shipping Law programme. The new LLM in International Shipping Law, Piraeus, Greece will start in 2015. This programme will be taught by CCLS academic staff at the Hellenic Management Centre in Piraeus, Greece.
Why is insurance important?
Insurance has a key role in developed and developing economies, in international trade and in personal finance. It supports business and individuals by enabling risk shifting and by providing a significant source of investment. Trade and finance on any scale are impossible without insurance, and increasingly insurance steps in as governments become concerned about the ability of state welfare provision to cope. The Insurance Law Institute at Queen Mary is ideally placed in London, one of the leading global centres of insurance and insurance law. Read Insurance Law and the City, Jonathan Moss, DWF Fishburns: The importance of insurance to the UK economy, with reference to job creation, effects on the economy and the London market as a centre for insurance excellence.
QMUL Insurance Law Institute annual reception 2015
Members of the Institute
- Professor Philip Rawlings, Director
- Dr Miriam Goldby, Deputy Director
- Professor Anne Flanagan
- Dr Andromachi Georgosouli
- Professor Sir Bernard Rix
- Dr Costanza Russo
- Mr Jonathan Moss (DWF Fishburns)
- Mr Kevin Lazarus (Lloyd's)
- Dr Louise Steinberg
- Franziska Arnold-Dwyer
- David Hertzell, Visiting Professor (formerly Law Commissioner, currently chair of the Insurance Fraud Taksforce)
- Sir Richard Aikens, visiting professor (formerly Lord Justice of Appeal)
- David Kendall, Visiting Professor and partner, Cooley.
The Institute engages with, and draws support from, the industry. Professor Rawlings is on the committee of the British Insurance Law Association, and among those who contribute to teaching are Julian Burling, barrister and former Counsel of Lloyd’s of London, Jonathan Moss, partner at DWF Fishburns, Kevin Lazarus, solicitor at Lloyd’s of London, and Peter Rogan, partner at Ince & Co. Mr Lazarus undertakes his teaching on the Insurance Regulation module at Lloyd’s where students see the market in action and meet participants.
Associate Members of the Institute
- Professor James Davey, Institute of Maritime Law at Southampton Law School
- Professor John Lowry, University College London
- Dr Tina Loverdou, Queen Mary University of London (QMUL).
Dr Joanna Wilson
Dr Joanna Wilson is the Mansfield Visting Scholar for 2017-18. Dr Wilson received her doctorate from University College London and is currently Lecturer in Commercial Law at Sussex University. Among various projects, she will work with Professor Rawlings on insurability, including issues such as the role of the state in covering risks that private insurers will not insure.
In 2016, Philipp Ressnig joined the Insurance Law Institute at CCLS as a visiting scholar for six months. He is currently a PhD candidate at the University of Basel (Switzerland) where his research focuses on the comparative analysis of the regulatory framework applicable to reinsurance companies in Switzerland and the UK. Under Professor Philip Rawlings, Philipp Ressnig furthered his research in this area academically and also made key stakeholder connections needed to advance his work.
Being a visiting scholar at the Insurance Law Institute was a phenomenal experience. Not only did I benefit from the knowledge and experience of the academics at the ILI, I was also introduced to many professionals working in the field of (re)insurance in London. They provided me with insight into the industry that I could not have obtained otherwise. The many academic resources (both electronical and physical) that I was able to explore, enriched my research substantially and helped me to reshape and further my PhD.
Philipp Ressnig, Visiting Scholar ILI.
Dr Yong Q Han
Dr Yong Q Han is the second Mansfield Visiting Scholar in Insurance Law. From 1 Sept to 1 Oct 2014, he will be working at the Institute of Insurance Law at CCLS. Dr Han's home institution is the Faculty of Law, National University of Singapore, where he works as a Post-Doctoral Fellow as of 1 August 2014. He received his doctorate degree in law at the University of Aberdeen in November 2013. His post-doctoral research is intended to develop parts of his PhD thesis into an article and a monograph focusing on the prospect, in English insurance law, of a doctrine of policyholder's reasonable expectations. During his visit to the Insurance Law Institute he will be working under the advice of Professor Philip Rawlings and other researchers. The Mansfield Visiting Scholar scheme, which takes is title from the eighteenth-century judge, was established in 2013 to facilitate research into insurance law by making available the facilities of the University and access to staff in the Insurance Law Institute.
Simon Viashima Akaayar
In 2013, Simon Viashima Akaayar was a visiting scholar at CCLS and the first visiting scholar at the Insurance Law Institute. Simon is from the University of Lagos, Nigeria (Department of Commercial and Industrial Law, Faculty of Law) and is currently studying for a PhD degree entitled "Towards a legal framework for effective regulation of micro-insurance in Nigeria: Challenges and prospects." and supervised by Professors CK Agomo and PK Fogam of University of Lagos.
My experience as a visiting scholar at the Insurance Law Institute, Centre for Commercial Law Studies, Queen Mary, University of London was simply awesome. In fact, the facilities and manpower (both academic and administrative) greatly assisted me in accessing more constructive resource materials that reshaped my insights and enrich my PhD thesis. I will ever remain grateful.
Simon Viashima Akaayar, Visiting Scholar ILI.
Teaching and education
- LLM in Insurance Law
- LLM in International Shipping Law
- LLM in International Shipping Law (Piraeus, Greece)
- 3 March 2016 New Voices in Commercial Law Seminar: "Current Issues in Insurance Law and Regulation"
- 17 November 2015 The Lloyd's Crisis and Its Resolution – Legal Aspects
- 25 February 2015 - Perspectives on Solvency II
- 26 June 2014 - 27 June 2014 3rd CCLS Roundtable on Financial Regulation: ‘Financial Markets: Impossible to govern?' including a special insurance regulation panel
- 28 June 2013 Ring-fencing, Professor Steven Schwarcz
- 27 June 2013 CCLS Roundtable on Systemic Risk and the Future of Insurance Regulation
LLM in Insurance Law students visit to Lloyds Insurance Market
- The Insurance Law Institute runs a seminar series whereby institute members present their research on issues of current interest to the staff of the Prudential Regulation Authority at the Bank of England. The series launched on 1 July 2016 with a presentation by Costanza Russo on Ethics of Insurance Regulatory Authorities in the UK. The second seminar, presented by Miriam Goldby and Anat Keller took place on 12 December 2016 with the title ‘Can design and distribution practices relating to catastrophe bonds generate systemic risk? And can this be addressed through product intervention?’ The next seminar, on Cyber-risk and Insurance is currently being planned for end-2017.
- Each year ILI organised a guided tour of Lloyd’s of London for students taking the LLM in Insurance Law. These tours are led by Mr Kevin Lazarus, a solicitor in Lloyd’s Legal and Compliance Department. Mr Lazarus talks to the students about the regulation of the market, introduces them to market practitioners and shows them the market floor in operation.
Some examples of past activities
- On 16 June 2017 Dr Miriam Goldby gave a lunchtime lecture for the British Insurance Law Associaton at the Old Library, Lloyd’s on the subject of Modernisation of the London Insurance Market: Harnessing Electronic Communications in Support of Placement
- Philip Rawlings’s ongoing research project on history of insurance law and practice was cited extensively in an article by David Worsfold on the Great Fire of London, published in Post, a leading insurance industry journal. The Great Fire of London, which began on 2nd September 1666, in a bakery in Pudding Lane, London, and destroyed 13,000 houses, 87 churches (including St Paul's cathedral) and 52 livery halls, making around a fifth of London's population homeless before it was brought under control some days later, was a significant factor in the development of insurance.
- On 21 July 2016, Dr Georgosouli became the holder of a prestigious scholarship under the ECB Legal Research Programme (2016).
- On 27 January 2016, Dr Andromachi Georgosouli joins forces with Dr Tara Rice and Dr Nick Coleman, economists respectively at the US Treasury and the Federal Reserve Board, to develop a better method of measuring/monitoring progress in implementing reform globally.
- The Insurance Taskforce, which was established by the government and headed by David Hertzell, produced its final report in January 2016.
- In January 2016, Professor Rawlings delivered a paper in the Faculty of Law, University of Edinburgh, titled, 'Interests, Bubbles and Taxes: Another History of Insurance' (this paper has now been published in the Oxford Journal of Legal Studies).
- In summer 2015, Franziska Arnold-Dwyer, who is undertaking her doctoral studies at the Insurance Law Institute, completed an academic placement at the Law Commission. She assisted the Law Commission's Commercial and Common Law Team in relation to their insurable interest reform project with research on valued and non-indemnity policies and with the analysis of responses received to Issues Paper 10 (Insurable Interest). Franziska's contribution to the Law Commission's consultation on insurable interest is mentioned in their 'Summary of Responses to Issues Paper 10: Insurable Interest' (April 2016).
- Franziska Arnold-Dwyer will be assisting the Law Commission with its consultation on insurable interest during a two weeks internship in July 2015.
- Professor Rawlings has been appointed to the Advisory Board of Palgrave Macmillan's Corporate and Finance Law series of books.
- Professor Rawlings, Dr Goldby and Ms Anne Flanagan contributed to submissions on insurance law from the UK by the British Insurance Law Association to the Association Internationale de Droit des Assurances for presentation at the World Congress in Rome in 2014.
- 10 February 2013, Peter Rogan, partner at Ince & Co and a member of the CCLS Development Board, spoke to students on the decision in Pan Atlantic. This is the leading case on the pre-contractual duty of disclosure in insurance contracts. He was one of the instructing solicitors in that case.
- 15 March 2013, Professor Rawlings spoke on employer's liability insurance at the invitation of the British Insurance Law Association in The Old Library in Lloyd's.