The Global Insurance Market and Change: Emerging Technologies, Risks and Legal Challenges

This book explores the evolving global insurance market, driven by transformative technologies and the need to address risks like climate change and health crises. It discusses challenges and opportunities in areas such as on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, fintech, and the cyber risk landscape. It also covers external challenges like the insurance protection gap and pandemics. The book examines innovations in insurance driven by the industry and externally imposed changes, and discusses the legal framework in which they occur. It is a valuable resource for legal professionals, insurers, insurtechs, fintechs, brokers, CEOs, risk managers, legal counsel, academics, researchers, the judiciary, and policy makers.

Format: Hardback
Length: 520 pages
Publication date: 17 October 2023
Publisher: Taylor & Francis Ltd

The global insurance market is undergoing a profound transformation driven by transformative technologies and the urgent need to address risks such as climate change and health crises, including the COVID-19 pandemic. This comprehensive book delves into the intricate landscape in which insurance is transacted and evolving, exploring the dynamic challenges and opportunities that lie ahead for the industry. It examines the rise of on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, the impact of fintech, the cybersecurity risk landscape, and initiatives driven by distributed ledger technology or blockchain solutions. Moreover, it addresses the significant external challenges confronting the global insurance market, including the growing insurance protection gap in relation to the affordability and insurability of natural catastrophes and climate change, as well as pandemics like COVID-19.

This book examines innovations in insurance driven by both industry-led initiatives and external forces that are reshaping the industry. It provides a detailed description of these changes, the industry's responses, and the legal framework in which they occur. The book also canvasses additional regulatory and law reform initiatives that may be necessary to achieve an effective balance between the various competing interests.

As the first book to comprehensively address these matters with a particular focus on insurance law, The Global Insurance Market will be of immense value to legal professionals, insurers, insurtechs, fintechs, brokers, CEOs of insurance companies, risk managers, legal counsel
counsel, academics, researchers, the judiciary, and policy makers. It will also serve as a valuable resource for students of all levels.

In conclusion, the global insurance market is at a pivotal point in its evolution, and this book provides a comprehensive and insightful exploration of the trends, challenges, and opportunities that shape its future. By examining the interplay
interplay between industry-led innovations and external forces, it offers valuable insights into the legal framework that governs this dynamic sector and the necessary steps to ensure its sustainable growth and development.

Weight: 1060g
Dimension: 246 x 174 (mm)
ISBN-13: 9781032298139