By Pierpaolo Marano, Ioannis Rokas, Peter Kochenburger
This e-book adopts a world standpoint to ascertain how the web sale of assurance demanding situations the coverage law and the assurance agreement, with a spotlight on coverage revenues, purchaser safety, cyber hazards and privateness, in addition to dispute solution. at the present time insurers, policyholders, intermediaries and regulators engage in an more and more on-line global with profound implications for what has prior to now been a historically working undefined. whereas the turning out to be threats to purchaser and company information from cyber assaults represent significant assets of chance for insurers, whilst cyber assurance has develop into the quickest starting to be advertisement coverage product in lots of jurisdictions.
Scholars and practitioners from Europe, the U.S. and Asia overview those issues from the viewpoints of insurers, policyholders and coverage intermediaries. from time to time, latest coverage laws seem effortlessly adaptable to the net international, similar to prohibitions on misleading advertising and marketing of assurance items and unfair advertisement practices, that are utilized to ads via social media, corresponding to fb and Twitter, in addition to to standard written fabric. In different components, present regulatory and company practices are proving to be insufficient to the duty and new ones are rising. for instance, the assurance and coverage supervisors are exploring how one can assessment, make the most of, cash in on and keep an eye on the explosive progress of knowledge mining and predictive analytics (“big data”), which threaten long-standing privateness security and assurance hazard class laws.
This book’s bold overseas scope suits its themes. the net coverage industry is cross-territorial and cross-jurisdictional with insurers frequently working across the world and as a part of greater financial-services maintaining businesses. The authors’ exploration of those concerns from the vantage issues of a few of the world’s biggest assurance markets – the united states, Europe and Japan – presents a comparative framework, that is invaluable for the certainty of on-line insurance.