BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//The Lime Street Guide - ECPv5.2.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:The Lime Street Guide
X-ORIGINAL-URL:https://www.limestreetguide.com
X-WR-CALDESC:Events for The Lime Street Guide
BEGIN:VTIMEZONE
TZID:Europe/London
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20190331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20191027T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20191121T131000
DTEND;TZID=Europe/London:20191121T135500
DTSTAMP:20260826T093244
CREATED:20190915T200423Z
LAST-MODIFIED:20190915T200423Z
UID:54829-1574341800-1574344500@www.limestreetguide.com
SUMMARY:Software as a product and implications for (re)insurance
DESCRIPTION:In this Insurance Institute of London (IIL) reinsurance lecture Michaela Herron and Deirdre Munnelly will discuss whether software can be considered a product and therefore subject to the product liability framework and if so\, what this means for the insurance and reinsurance industries. \nThe concept of software as a product is becoming an increasingly relevant issue to our daily lives. Connected or ‘smart’ products are quickly becoming the norm\, software medical devices are\, in some scenarios\, substituting doctors and it will not be long before the roads are overrun with driverless cars. Each of these products have one major theme in common – software is at the heart of their operation. \nHowever\, with innovation comes risk. Corrupted software in a ‘smart’ toaster could cause a house fire\, a malfunctioning algorithm in a software medical device could miscalculate a drug dosage and cause harm to a patient\, and we have already seen the fatal consequences of driverless cars failing to detect pedestrians. The question arises – does the traditional Product Liability framework apply to software in these scenarios? \nIn this market briefing Michael and Deirdre will consider how software can be considered a product\, the subsequent applicability of the product liability framework\, difficulties with claims arising from ‘software as a product’ and issues the insurance industry need to consider when determining the potential risks and identifying the appropriate policy coverage. \n		\n\n							\n					Share this event with your colleagues:\n				 \n			\n			\n\n								\n		\n\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Facebook\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Twitter\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																LinkedIn\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Email\n									\n						\n\n											\n					\n									\n			\n					\n		\n			\n		\n		Visit Event Website
URL:https://www.limestreetguide.com/event/software-as-a-product-and-implications-for-reinsurance/
LOCATION:The Old Library\, Lloyd’s of London\, One Lime Street\, London\, EC3M 7HA\, United Kingdom
CATEGORIES:Education & Training
ATTACH;FMTTYPE=image/png:https://www.limestreetguide.com/wp-content/uploads/2017/09/logo-the-insurance-institute-of-london-e1539464378247.png
GEO:51.512999;-0.082006
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=The Old Library Lloyd’s of London One Lime Street London EC3M 7HA United Kingdom;X-APPLE-RADIUS=500;X-TITLE=One Lime Street:geo:-0.082006,51.512999
END:VEVENT
END:VCALENDAR