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Prof. Joachim G. Frick

Prof. Dr. Joachim Frick, LL.M./J.S.D. practices mainly in the areas of dispute resolution, insurance and corporate law and became a partner in 2001. He regularly represents clients as a party counsel in litigation and arbitration proceedings with special emphasis on corporate, insurance, and M&A disputes. He heads the insurance practice of the Zurich office and co-heads the European Financial Services & Insurance Group as a steering committee member. He advises Swiss and international insurance and reinsurance clients in litigious and non-litigious insurance matters and was named one of the leading insurance lawyers in Switzerland by Who is Who' Legal and the IBA's Who is Who of Business Lawyers. In addition to practicing as a lawyer, Joachim Frick regularly teaches as a professor of law at Zurich University (Titularprofessor). He is a member and regular speaker in various professional organizations concerning his areas of practice. He is a graduate of Zurich University (Dr. iur. 1992) and Yale Law School (LL.M. 1996, J.S.D. 2000) and has practiced with Baker McKenzie Taipei and Chicago.

Switzerland is substantially revising and modernizing its insurance supervision laws, i.e., the federal law on the supervision of insurance carriers (Versicherungsaufsichtsgesetz) and the respective ordinance (Versicherungsaufsichtsverordnung). The new law is expected to come into effect on 1 July 2023 or 1 January 2024. It will introduce a new, risk-based supervision regime that allows for more tailor-made supervision.

InsurTech did not appear overnight. When it comes to collecting and analyzing data to assess risks and calculate exposures and premium payments, insurance companies are the consummate experts. InsurTech is the natural result in two recent developments in the industry. The first development involves the increased availability of data. It…