Many people feel that terms and conditions of insurance contracts aren’t meant to be understood. It’s small print and full of industry specialized jargon, aiming at preventing legal risks, but, on the contrary, actually provoking them. In this episode Henna and Nina meet with Anthony Novaes, a Brazilian lawyer and legal designer, who explains the pain points of insurances and how to address them with the help of legal design.
People purchasing insurances that they don’t understand, causes problems on the next phases of the supply chain. All this makes the insurance industry the perfect candidate for legal design.
Insurance law is a one of the heavily regulated areas of law, which implies that there are many interests involved which need balancing, and particular groups that need governmental protection (or governmental control). The problem of heavy regulation is that it makes the market complex and unpredictable to navigate, especially for anyone who doesn’t have the training for that. Legal design can be of great help to make insurances more functional, and also prevent disputes related to them. Legal design can also offer alternatives to traditional legal regulation, as it can help create policy measures that satisfy the needs of the stakeholders better.
Anthony Novaes is a Brazilian Insurance, Reinsurance and Private Pensions Attorney. He is author of the first academic investigation on legal design applied to insurance and of articles focused on legal innovation, civil law, civil procedural law, legal design, and insurance. He has a Bachelor of Laws (LL.B.) from Universidade Presbiteriana Mackenzie and a postgraduate specialization in Insurance Law from Escola de Negócios e Seguros. He has attended the international executive program “Insurtechs: innovación y disrupción digital en seguros” from Pontificia Universidad Argentina and has additional degrees on design, law and innovation. He is currently specializing in Digital Business at Universidade de São Paulo. He is a member of the Brazilian section of Association Internationale de Droit des Assurances (AIDA Brasil), where he is a part of the national working group on Civil Liability Insurance. He was certified as a Legal Design Expert Practitioner by Legal Creatives. He is a teacher and coordinator of the course “Seguros 4.0” at Future Law, which offers the first discipline on legal design and insurance in the world.