By Pierpaolo Marano, Ioannis Rokas, Peter Kochenburger
This e-book adopts a global standpoint to ascertain how the net sale of assurance demanding situations the coverage rules and the assurance agreement, with a spotlight on coverage revenues, buyer defense, cyber hazards and privateness, in addition to dispute solution. this day insurers, policyholders, intermediaries and regulators have interaction in an more and more on-line international with profound implications for what has prior to now been a historically working undefined. whereas the turning out to be threats to purchaser and enterprise information from cyber assaults represent significant assets of hazard for insurers, while cyber assurance has turn into the quickest becoming advertisement coverage product in lots of jurisdictions.
Scholars and practitioners from Europe, the us and Asia assessment those themes from the viewpoints of insurers, policyholders and assurance intermediaries. occasionally, latest assurance rules seem easily adaptable to the net international, akin to prohibitions on misleading advertising of assurance items and unfair advertisement practices, which might be utilized to advertisements via social media, equivalent to fb and Twitter, in addition to to conventional written fabric. In different parts, present regulatory and company practices are proving to be insufficient to the duty and new ones are emerging. for instance, the coverage and assurance supervisors are exploring tips to evaluate, make the most of, benefit from and control the explosive progress of knowledge mining and predictive analytics (“big data”), which threaten long-standing privateness security and coverage chance type laws.
This book’s formidable foreign scope suits its issues. the net assurance marketplace is cross-territorial and cross-jurisdictional with insurers frequently working across the world and as a part of higher financial-services keeping companies. The authors’ exploration of those concerns from the vantage issues of a few of the world’s greatest assurance markets – the united states, Europe and Japan – offers a comparative framework, that's precious for the knowledge of on-line insurance.