Legal Protection Insurance and Legal Technology: The Legal Framework for Offering Legal Technology with a Particular Focus on the German Market

This book discusses the legal protection insurance market and the legal framework for offering Legal Technology services in Germany. It covers the fundamentals of the market and recent advances, as well as a study on the relevant legal framework.

Format: Paperback / softback
Length: 45 pages
Publication date: 01 December 2022
Publisher: Springer International Publishing AG

This comprehensive book delves into the realm of legal protection insurance, building upon the extensive data collection and analysis conducted by Legal Protection International aisbl (formerly known as the International Association of Legal Protection Insurance). It encompasses two distinct chapters, the first exploring the foundational aspects and recent advancements within the legal protection insurance market, while the second delves into the intricate legal framework governing the provision of Legal Technology services by legal protection insurers in Germany. Within this framework, the study defines the term "Legal Technology," categorizes Legal Technology services based on their application-oriented nature, conducts a thorough analysis of the relevant European legal framework, and underscores the connections to the upcoming European Artificial Intelligence Act.

The legal protection insurance market is a dynamic and rapidly evolving sector, driven by technological advancements and changing consumer needs. In this book, we aim to provide a comprehensive overview of the market, its trends, and the key players that shape its landscape.

The first chapter of the book explores the fundamentals of legal protection insurance, including its origins, purpose, and key features. We examine the various types of legal protection policies available, such as personal injury, legal defense, and estate planning, and discuss the benefits and limitations of each. We also explore the role of legal protection insurance in risk management and the importance of having adequate coverage in today's uncertain world.

The second chapter delves into the recent advances in the legal protection insurance market. We examine the impact of technology on the industry, such as the rise of digital insurance platforms and the use of artificial intelligence and machine learning to enhance customer experiences and improve risk assessment. We also explore the growing trend of bundled legal protection policies and the emergence of new niche markets, such as legal protection for gig workers and students.

In the third chapter, we conduct a study on the relevant legal framework for offering Legal Technology services as a legal protection insurer in Germany. We examine the legal requirements and regulations governing the insurance industry, as well as the specific laws and regulations governing Legal Technology services. We also discuss the challenges and opportunities that legal protection insurers face in Germany, such as the need to adapt to changing consumer preferences and the increasing competition from other insurance providers.

The fourth chapter highlights the connections between the legal protection insurance market and the upcoming European Artificial Intelligence Act. We examine the potential implications of AI on the industry, such as the use of data analytics to improve risk assessment and the development of new insurance products and services. We also discuss the ethical and regulatory considerations that arise the industry must address to ensure the responsible and ethical use of AI.

In conclusion, this book provides a comprehensive and up-to-date analysis of the legal protection insurance market, its trends technology, and the legal framework governing the provision of Legal Technology services in Germany. It is a valuable resource for policymakers, industry professionals, and anyone interested in understanding the future of this dynamic and rapidly evolving sector.

Weight: 114g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031165405
Edition number: 1st ed. 2022