東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

A Closer Look at the Insurance Relat...

Mabasa, Shumirai.

Linked to FindBook

Google Book

Amazon

博客來

A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured.

Record Type:	Electronic resources : Monograph/item
Title/Author:	A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured./
Author:	Mabasa, Shumirai.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
Description:	51 p.
Notes:	Source: Masters Abstracts International, Volume: 84-10.
Contained By:	Masters Abstracts International84-10.
Subject:	Complaints. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30361316
ISBN:	9798377667759

A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured.
Mabasa, Shumirai.

A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 51 p.

Source: Masters Abstracts International, Volume: 84-10.

Thesis (LL.M.)--University of Johannesburg (South Africa), 2021.

Insurance is centered on the management of risk whereby risk is transferred to a third party who is the insurer who undertakes to bear the risk on behalf of the insured. The relationship between the insured and the insurer is regulated by the insurance contract and this contract plays an important role in detailing the terms and conditions to which the parties are bound to.It should be kept in mind that insurance is not only a nominate contract but also a financial product. It is therefore imperative that the financial services sector be well regulated and stable due to the likelihood of financial customers being ill-treated and or abused. This can potentially occur in the form of excessive fees, inconceivable charges, design and sale of unsuitable products and even illegal debt collection services. Furthermore, there is always the risk that the customers do not fully comprehend the contracts they enter into and do not understand their rights and duties in terms thereof. It therefore makes sense that the financial sector be highly regulated, and this is also true in terms of the insurance industry.Parties to all contracts obviously enjoy the autonomy and the flexibility allowed by the negotiation process. In the insurance industry, fairness is a central concept that has been observed in different spheres of the product life cycle especially in consideration of the market conduct aspect of insurance. This is exemplified by the provisions on advertising, data management, review of product line performance, conflict of interest, time bar clauses, cooling off rights, statutory period of grace, fairer dispensation for policyholders and complaints management.Over the years, legislative milestones have been used as a manner of addressing issues like overlaps, role of regulators and conceptual issues. These legislative milestones include the Insurance Act, the Financial Advisory and Intermediary Services Act and the Conduct of Financial Institutions Bill (CoFI), that will ultimately change the regulation of market conduct through repealing some of the sections in the Long-term Insurance Act and Short-term Insurance Act.One of the most important indicators of reform in a quest to improve market conduct regulation is the Treating Customers Fairly regime, which it is referred to as the "TCF rules". Adopting the TCF framework as a principle based approach is aimed at the fair treatment of customers. This is an example of policyholder protection whereby fairness is thus entrenched in the culture of financial firms.Currently, due to the increase of digitalisation and its obvious impact on the insurance sector, there must obviously be a balance between maintaining policyholder protection without impeding innovation. That balance represents the realisation of fairness in the insurance industry through the increase of policy regulation as well as the introduction of digitalisation in the product life cycle. Digitalisation has the potential to change traditional insurance as we know it.

ISBN: 9798377667759Subjects--Topical Terms:

3560949
Complaints.

A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured.
LDR:04246nmm a2200421 4500 001 2402535
005 20241029122318.5
006 m o d
007 cr#unu||||||||
008 251215s2021 ||||||||||||||||| ||eng d
020 $a 9798377667759
035 $a (MiAaPQ)AAI30361316
035 $a (MiAaPQ)Johannesburg501744
035 $a AAI30361316
035 $a 2402535
040 $a MiAaPQ $c MiAaPQ
100 1 $a Mabasa, Shumirai. $3 3772769
245 1 2 $a A Closer Look at the Insurance Relationship and How Digitalisation Will Impact Fairness Between the Insurer and the Insured.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 51 p.
500 $a Source: Masters Abstracts International, Volume: 84-10.
500 $a Advisor: Huneberg, Samantha.
502 $a Thesis (LL.M.)--University of Johannesburg (South Africa), 2021.
520 $a Insurance is centered on the management of risk whereby risk is transferred to a third party who is the insurer who undertakes to bear the risk on behalf of the insured. The relationship between the insured and the insurer is regulated by the insurance contract and this contract plays an important role in detailing the terms and conditions to which the parties are bound to.It should be kept in mind that insurance is not only a nominate contract but also a financial product. It is therefore imperative that the financial services sector be well regulated and stable due to the likelihood of financial customers being ill-treated and or abused. This can potentially occur in the form of excessive fees, inconceivable charges, design and sale of unsuitable products and even illegal debt collection services. Furthermore, there is always the risk that the customers do not fully comprehend the contracts they enter into and do not understand their rights and duties in terms thereof. It therefore makes sense that the financial sector be highly regulated, and this is also true in terms of the insurance industry.Parties to all contracts obviously enjoy the autonomy and the flexibility allowed by the negotiation process. In the insurance industry, fairness is a central concept that has been observed in different spheres of the product life cycle especially in consideration of the market conduct aspect of insurance. This is exemplified by the provisions on advertising, data management, review of product line performance, conflict of interest, time bar clauses, cooling off rights, statutory period of grace, fairer dispensation for policyholders and complaints management.Over the years, legislative milestones have been used as a manner of addressing issues like overlaps, role of regulators and conceptual issues. These legislative milestones include the Insurance Act, the Financial Advisory and Intermediary Services Act and the Conduct of Financial Institutions Bill (CoFI), that will ultimately change the regulation of market conduct through repealing some of the sections in the Long-term Insurance Act and Short-term Insurance Act.One of the most important indicators of reform in a quest to improve market conduct regulation is the Treating Customers Fairly regime, which it is referred to as the "TCF rules". Adopting the TCF framework as a principle based approach is aimed at the fair treatment of customers. This is an example of policyholder protection whereby fairness is thus entrenched in the culture of financial firms.Currently, due to the increase of digitalisation and its obvious impact on the insurance sector, there must obviously be a balance between maintaining policyholder protection without impeding innovation. That balance represents the realisation of fairness in the insurance industry through the increase of policy regulation as well as the introduction of digitalisation in the product life cycle. Digitalisation has the potential to change traditional insurance as we know it.
590 $a School code: 2140.
650 4 $a Complaints. $3 3560949
650 4 $a Virtual reality. $3 527460
650 4 $a Innovations. $3 754112
650 4 $a Regulation. $3 3561775
650 4 $a Constitutional law. $3 572337
650 4 $a Design. $3 518875
650 4 $a Legislation. $3 766385
650 4 $a Public policy. $3 532803
650 4 $a Fraud. $3 721834
650 4 $a Ethics. $3 517264
650 4 $a Finance. $3 542899
650 4 $a Information technology. $3 532993
650 4 $a Law. $3 600858
690 $a 0389
690 $a 0800
690 $a 0630
690 $a 0338
690 $a 0394
690 $a 0508
690 $a 0489
690 $a 0398
690 $a 0454
710 2 $a University of Johannesburg (South Africa). $3 3555351
773 0 $t Masters Abstracts International $g 84-10.
790 $a 2140
791 $a LL.M.
792 $a 2021
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30361316