LexisNexis Business Law Series Insurance Law

Insurance is becoming increasing popular, not merely as a means of managing risk, but also as a financial instrument. As insurance products become more sophisticated, buyers of insurance need to have a greater appreciation of how the law affects their rights. As the same time, the insurance profession is also becoming more developed and it is essential for insurance professionals, such as agents, brokers and underwriters to have a good working knowledge of insurance law.

To meet the needs of both insurance buyers and insurance professionals, the authors felt that it would be useful to have a comprehensive book that explains the basic legal principles and discusses the implications of the law on the insurance contract.

This book takes the reader from pre contractual negotiations through to the formation of the insurance contact and beyond, into the claims process. It explains how the entire insurance process is affected by both the common law and statutory intervention.

It also takes a wider perspective of the insurance industry as a whole, exploring the relationships that arise among insurers and reinsurers. It ends off by introducing the latest trends in regulation and innovation that is being experienced in the industry, thus giving a brief insight into its future development.