D&O Insurance explained - an introduction
One of the most discussed and least understood insurance products is Directors & Officers Liability (D&O) insurance. Market watchers note that even some lawyers have their problems comprehending what kind of coverage the insured managers have. Headlines are full of stories about "mega claims" of several billions of dollars along with more and less informed commentaries discussing the principles of this kind of insurance cover.
What is D&O insurance and why is it important?
As insurers, we feel it is essential to bring as much clarity as possible to the subject of D&O insurance in order to contribute to a well-founded public discussion. This risk briefing provides a look at the core issues surrounding D&O insurance and current market developments to give non-experts an overview of this increasingly important part of corporate risk management.