Cross-Disciplinary Impacts on Insurance Law: ESG Concerns, Financial and Technological Innovation

Author: Margarida Lima Rego; Simon Grima
Publisher: Springer International
ISBN: 9783031385254
Published In: May 2024
Format: Hardback
Jurisdiction: Switzerland ? Disclaimer:
Countri(es) stated herein are used as reference only

HKD 1,994.87

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Contents

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This book explores the insurance sector’s potential role, influence, and impact on society in light of new environmental, social, and governance (ESG) concerns. Furthermore, it looks into how financial and technological innovations help reshape insurance regulation and business models. Unlike their predecessors, 21st century insurers have a growing impact on cross-sector service provision by making available to their clients a wealth of expert knowledge and experience in data analytics. The book delves into insurers’ transition from suppliers of products – consisting of risk coverage or investment opportunities – to providers of various services, and ultimately to solution providers by partnering with their clients so as to prevent failure, optimize their clients’ operations and help them excel in their economic sector. Insurance regulations and policies can be affected by various factors, such as changes in the economy, technological advances, and shifting consumer preferences, to name a few. Additionally, the insurance industry can have a significant bearing on the wider economy, making it important for the industry to operate within a framework of comprehensive regulations.

This book includes a diverse set of theoretical, empirical, and policy-oriented chapters on particular aspects of new trends and wider analyses leading to a more systematic understanding of the industry’s socio-economic role. It offers a mixture of chapters from insurance academics and professionals from different countries, cultures, and scientific backgrounds. The methodologies used are diverse, including legal, sociological, historical, economic and financial as well as interdisciplinary analyses. The book has a global scope, including chapters of a more global nature and others addressing particular jurisdictions on different continents, including Europe, Asia and North America.

Part I - Insurance and ESG Impact

The Insurance Sector's Contribution to the Sustainable Development Goals: a Story Worth Telling?.- Insurance is Accelerating Economic and Social Change in the United States: a Legal and Sociological Perspective.- The role of insurance in dealing with disasters: the case of agricultural insurance.- Measurement of the Level of Government Intervention in the Compulsory Health Insurance System: Cross-country Comparative Analysis

Part II - Financial Innovation in Insurance Regulation

Historical, Definitional, and Implementional Issues of Financial Services Regulation in a Small Jurisdiction.- Public/ Private Risk Financing Innovation: the Case of Government Self- Insurance Risk Pools in the United States.- Comparison of Efficiency Levels of Turkish Insurance Companies with VZA Malmquist Total Factor Efficiency Analysis.- Unpacking the Impact of Capital Structure on Financial Performance in the Insurance Industry: Evidence from Kosovo's Market

Part III -The Impact of New Technologies and Other Recent Developments in Insurance Law and Regulation

The Principle of Proportionality in Solvency II.- Automatic Vehicles and Legal/Insurance Risks. A New British "Quasi-Legislative" Point of Observation and Glimpses of Liability in Tort in Italy.- A Study of the Effectiveness of the General Data Protection Regulation for Risk Mitigation in the Insurance Industry: a Maltese Perspective.- The Digitalization of the Insurance Industry and the Growth of Life Insurance in India.- Exploring the Suitability of the Protected Cell Company Structure for Shipping Business: a Call for Further Discussion and Research.- Goods and Services Tax Implications on the Insurance Sector: Assessment of Awareness and Knowledge.- The Effectiveness of Recent Policyholder-friendly Laws at Addressing Complaints in India