While litigation is common practice to settle disputes, there are other forms of dispute resolution that could be beneficial to the corporate insurance market.
With a view to retaining commercial relations, alternative dispute resolution (ADR) may be an answer. Examples are mediation, in which case a mediator tries to reconcile parties, or arbitration, in which case an expert arbitrator of choice gives a binding award in a dispute.
These forms of dispute resolution become more and more prevalent when it comes to the (relatively quick) settlement of disputes. On this page you’ll find more information about the possibilities.