Liability insurers' concerns about the risks surrounding mobile phones could be compounded by an EU decision to make product liability compulsory.
Under the EU's product liability Directive, the producer of a defective product is responsible for paying compensation to those harmed. Insurance can be bought to offset the liability, but is not mandatory. The EU is due to review the Directive this year.
Royal & SunAlliance technical insurances manager Phil Bell said the EU had considered introducing compulsory financial guarantees into recently-created Directives to ensure compensation could be paid.
Because of this he feared the EU might consider making product liability insurance compulsory.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
