Third-Party Litigation Funding
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Third-Party Litigation Funding (TPLF) is a global phenomenon that's gaining traction in the insurance sector - a development impacting the way insurers need to manage their claims and litigation strategies.
We anticipate TPLF playing an increasingly important role – especially in climate, environmental and cyber litigation cases, all of which have the potential to become more attractive targets for third party funders. The aftermath of the COVID-19 pandemic could also lead to a significant number of additional matters 3rd parties could fund.
This article explores the insurance implications of TPLF and the 'state of the market' with recommended actions for insurers in key jurisdictions like the US/Canada, UK, Australia and Europe.