Con­tact ARIAS FRANCE

Arbitration

What is Arbitration ?

Arbi­tra­tion is an alter­na­tive dis­pute res­o­lu­tion method where­by the par­ties decide to sub­mit their dis­pute to an Arbi­tral Tri­bunal, made up of inde­pen­dent and impar­tial arbi­tra­tors, who will ren­der an enforce­able award whose solu­tion will be bind­ing on the par­ties. Not sub­ject to appeal, the award will ben­e­fit from eas­i­er cir­cu­la­tion with­in the 172 sig­na­to­ry states of the 1958 New York Con­ven­tion.

This method of dis­pute res­o­lu­tion is an alter­na­tive to state jus­tice. It ensures that the par­ties’ dis­pute is resolved quick­ly and con­fi­den­tial­ly.

Arbi­tra­tion is par­tic­u­lar­ly well-suit­ed to the tech­ni­cal nature of insur­ance dis­putes, as it enables the par­ties to call in experts who can be ques­tioned by the arbi­tral tri­bunal and each of the par­ties at a hear­ing.

Con­duct­ed under the aegis of’ARIAS France, ARIAS FRANCE, an asso­ci­a­tion cre­at­ed in 1995 and gov­erned by the French law of 1901, arbi­tra­tion in the insur­ance and rein­sur­ance sec­tor enables par­ties to have their dis­pute resolved by indus­try pro­fes­sion­als, whom they can choose — or not — from the list of arbi­tra­tors pro­posed by the Cen­tre. In the event of dis­agree­ment as to the con­sti­tu­tion of a Tri­bunal, the ARIAS FRANCE Com­mis­sion will select one from its exten­sive inter­na­tion­al net­work of arbi­tra­tion experts spe­cial­iz­ing in insur­ance and rein­sur­ance.

ARIAS France is a mem­ber of the inter­na­tion­al ARIAS (AIDA Rein­sur­ance and Insur­ance Arbi­tra­tion Soci­ety) net­work of insur­ance arbi­tra­tion cen­ters cre­at­ed under the aegis of AIDA (Asso­ci­a­tion Inter­na­tionale du Droit des Assur­ances).

This excep­tion­al net­work makes ARIAS France the ref­er­ence cen­ter for insur­ance and rein­sur­ance arbi­tra­tion.

Close­ly attuned to the con­cerns of insur­ance and rein­sur­ance com­pa­nies with large vol­umes of lit­i­ga­tion, ARIAS France assures its users that its « turnkey » pro­ce­dure remains inex­pen­sive thanks to a capped fee struc­ture.