Insurance - How it Started (eBook)
44 Seiten
Publishdrive (Verlag)
978-1-5272-8606-1 (ISBN)
The idea of writing this book was to capture the humble origin of insurance from a casual chat in a coffee house (not in a court or parliament), then the various case laws which cemented the fundamental principles for example - Life Assurance Act 1774, cemented the principle of Insurable interest as necessary in EVERY contract of Insurance.
We continue to observe its evolution through the years to today's position where Insurance is a regulated industry and recent ACTs in 2012 and 2015, now shifts the responsibility to request material facts concerning risks to the Insurers and away from the requirement under the Marine Insurance Act 1906 which was the standing position for over 100 years until the 2012 & 2015 Acts.
Finally, we cannot ignore the advent of the Information Technology age where policies are sold and bound in minutes over the internet or via call centers as well as claims payment being concluded over a telephone and monies being transferred directly into clients bank accounts without any face to face meeting with the insurer. We also cannot ignore the new distribution channels where supermarkets and banks now sell insurance. Can you imagine the industry in say 5 years' time?
The idea of writing this book was to capture the humble origin of insurance from a casual chat in a coffee house (not in a court or parliament), then the various case laws which cemented the fundamental principles for example - Life Assurance Act 1774, cemented the principle of Insurable interest as necessary in EVERY contract of Insurance.We continue to observe its evolution through the years to today's position where Insurance is a regulated industry and recent ACTs in 2012 and 2015, now shifts the responsibility to request material facts concerning risks to the Insurers and away from the requirement under the Marine Insurance Act 1906 which was the standing position for over 100 years until the 2012 & 2015 Acts.Finally, we cannot ignore the advent of the Information Technology age where policies are sold and bound in minutes over the internet or via call centers as well as claims payment being concluded over a telephone and monies being transferred directly into clients bank accounts without any face to face meeting with the insurer. We also cannot ignore the new distribution channels where supermarkets and banks now sell insurance. Can you imagine the industry in say 5 years' time?
| Erscheint lt. Verlag | 18.4.2021 |
|---|---|
| Sprache | englisch |
| Themenwelt | Schulbuch / Wörterbuch ► Schulbuch / Allgemeinbildende Schulen |
| Sozialwissenschaften ► Pädagogik | |
| Schlagworte | Claims • FCA • Finance • History • insurance • Lloyds of London • PRA |
| ISBN-10 | 1-5272-8606-1 / 1527286061 |
| ISBN-13 | 978-1-5272-8606-1 / 9781527286061 |
| Haben Sie eine Frage zum Produkt? |
EPUB (Adobe DRM)Kopierschutz: Adobe-DRM
Adobe-DRM ist ein Kopierschutz, der das eBook vor Mißbrauch schützen soll. Dabei wird das eBook bereits beim Download auf Ihre persönliche Adobe-ID autorisiert. Lesen können Sie das eBook dann nur auf den Geräten, welche ebenfalls auf Ihre Adobe-ID registriert sind.
Details zum Adobe-DRM
Dateiformat: EPUB (Electronic Publication)
EPUB ist ein offener Standard für eBooks und eignet sich besonders zur Darstellung von Belletristik und Sachbüchern. Der Fließtext wird dynamisch an die Display- und Schriftgröße angepasst. Auch für mobile Lesegeräte ist EPUB daher gut geeignet.
Systemvoraussetzungen:
PC/Mac: Mit einem PC oder Mac können Sie dieses eBook lesen. Sie benötigen eine
eReader: Dieses eBook kann mit (fast) allen eBook-Readern gelesen werden. Mit dem amazon-Kindle ist es aber nicht kompatibel.
Smartphone/Tablet: Egal ob Apple oder Android, dieses eBook können Sie lesen. Sie benötigen eine
Geräteliste und zusätzliche Hinweise
Buying eBooks from abroad
For tax law reasons we can sell eBooks just within Germany and Switzerland. Regrettably we cannot fulfill eBook-orders from other countries.
aus dem Bereich
