Download The Dematerialized Insurance : Distance Selling and Cyber Risks from an International Perspective (2016, Hardcover) by FB2, TXT, DOC
9783319284088 English 3319284088 This book adopts aninternational perspective to examine how the online sale of insurancechallenges the insurance regulation and the insurance contract, with a focus oninsurance sales, consumer protection, cyber risks and privacy, as well asdispute resolution. Today insurers, policyholders, intermediaries andregulators interact in an increasingly online world with profound implicationsfor what has up to now been a traditionally operating industry. While the growingthreats to consumer and business data from cyber attacks constitute majorsources of risk for insurers, at the same time cyber insurance has become thefastest growing commercial insurance product in many jurisdictions. Scholars andpractitioners from Europe, the United States and Asia review these topics fromthe viewpoints of insurers, policyholders and insurance intermediaries. In somecases, existing insurance regulations appear readily adaptable to the onlineworld, such as prohibitions on deceptive marketing of insurance products and unfaircommercial practices, which can be applied to advertising through social media,such as Facebook and Twitter, as well as to traditional written material. Inother areas, current regulatory and business practices are proving to beinadequate to the task and new ones are emerging. For example, the insurance industry andinsurance supervisors are exploring how to review, utilize, profit from andregulate the explosive growth of data mining and predictive analytics ("big data"),which threaten long-standing privacy protection and insurance riskclassification laws. This book's ambitiousinternational scope matches its topics. The online insurance market iscross-territorial and cross-jurisdictional with insurers often operatinginternationally and as part of larger financial-services holdingcompanies. The authors' exploration ofthese issues from the vantage points of the world's largest insurance markets -the U.S., Europe, Japan and China -provides a comparative framework, which isnecessary for the understanding of online insurance.
9783319284088 English 3319284088 This book adopts aninternational perspective to examine how the online sale of insurancechallenges the insurance regulation and the insurance contract, with a focus oninsurance sales, consumer protection, cyber risks and privacy, as well asdispute resolution. Today insurers, policyholders, intermediaries andregulators interact in an increasingly online world with profound implicationsfor what has up to now been a traditionally operating industry. While the growingthreats to consumer and business data from cyber attacks constitute majorsources of risk for insurers, at the same time cyber insurance has become thefastest growing commercial insurance product in many jurisdictions. Scholars andpractitioners from Europe, the United States and Asia review these topics fromthe viewpoints of insurers, policyholders and insurance intermediaries. In somecases, existing insurance regulations appear readily adaptable to the onlineworld, such as prohibitions on deceptive marketing of insurance products and unfaircommercial practices, which can be applied to advertising through social media,such as Facebook and Twitter, as well as to traditional written material. Inother areas, current regulatory and business practices are proving to beinadequate to the task and new ones are emerging. For example, the insurance industry andinsurance supervisors are exploring how to review, utilize, profit from andregulate the explosive growth of data mining and predictive analytics ("big data"),which threaten long-standing privacy protection and insurance riskclassification laws. This book's ambitiousinternational scope matches its topics. The online insurance market iscross-territorial and cross-jurisdictional with insurers often operatinginternationally and as part of larger financial-services holdingcompanies. The authors' exploration ofthese issues from the vantage points of the world's largest insurance markets -the U.S., Europe, Japan and China -provides a comparative framework, which isnecessary for the understanding of online insurance.