Claims Insights Podcast: Centre stage - European Class Actions
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In Episode 3 of the podcast, we focus on the topic of European Class Action Suits.
Hosted by Marc Scheidegger, Chief Claims Officer of Swiss Re Corporate Solutions, this episode on "Centerstage – European Class Actions" features Professor Stefaan Voet, Professor of Law, KU Leuven Centre for Public Law and our very own Moya Stevenson Kirilov, Senior Claims Counsel, Casualty, FinPro & Aviation.
Litigation around the world, including in the UK and Europe continues to be on the rise. Class action lawsuits claiming hundreds of millions of dollars are taking place across various European markets. Following the 2015 "dieselgate scandal" involving car emissions fraud, consumers around the world have been seeking redress. With passing of the EU Representative Actions Directive, what does this mean for European consumers and businesses? Are we going to see US-style class actions in Europe?
Furthermore, third-party litigation funding is a fast-growing global industry. Is this going to have an impact also in Europe?
Tune in to the podcast for more.
00:00 to 01:50: Introduction
01:51 to 03:37: Class actions in Europe and the idea behind the EU Representative Action Directive
03:38 to 06:19: What it means to consumers and corporates in Europe
06:20 to 08:08: Will we see cross-border EU-wide class actions and should we be ready for them?
08:09 to 09:51: What role will litigation funding play and are some industries more affected than others?
09:52 to 12:09: What challenges would corporates face when it comes to these representative actions and litigations in Europe?
12:10 to 14:48: How businesses can lower the risk of litigation, measures they can put in place and key considerations they should take into account
14:49 to 16:18: The role of the insurance industry in helping corporates and businesses enhance their resilience or defense against commercial litigation
16:19 to 18:25: Top tips and takeaways
18:26 to 19:15: Closing and end
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