It appears the launch of INSOLV3NCY, a specialist suite of ATE insurance solutions for insolvency litigation, has hit the spot with many insolvency practitioners and insolvency litigation solicitors.
We previously mentioned the launch of INSOLV3NCY in news briefings a few months ago. The volume of enquiries to TheJudge for information on the product, which is supported by 3 A rated after the event insurance companies, has surpassed expectations. For the team at TheJudge, it demonstrates that innovation within the litigation insurance and third party funding market can yield positive responses.
With innovation also lurks dangers, particularly for litigation lawyers advising their clients on available options. Being too comfortable with a previous supplier could lead to difficulties if ultimately that supplier’s products are becoming out dated by new innovations in the litigation finance and ATE insurance marketplace.