INSURANCE INSTITUTE OF LONDON LAUNCHES NEW RESEARCH STUDY - "INSURANCE ASPECTS OF E-COMMERCE"

On Tuesday 2 June 2009 at the Lloyd's Old Library,the Insurance Institute of London launched its latest Research Study Report, "Insurance Aspects of E-commerce"

The use of IT is now an integral part of everyday business use as well as our everyday lives. What are the challenges that this has provided to traditional insurance markets? Inevitably they are many and varied.

The purpose of this study was to explore those issues which are of most concern and, where possible, to help explode some myths by setting out the practical experiences of underwriters who specialise in this class of insurance and who have been pioneers in the field of insuring these new types and classes of risk.

It discusses areas of new risk for which entirely new insurance products are required. It places these risks within the context of the relevant regulatory background in which the IT business world operates and explains the consequences of this environment.

In addition, the issue of computer viruses and their like has been tackled from a contribution by a leading IT security consultant enabling insurers to consider the proper context into which such threats are to be treated.Quote

Study Leader, Michael Lent, Underwriting Director, Temple Legal Protection, says:

"This 171 page book provides essential information in clear language, free of the jargon that so often characterises the IT world. It is an invaluable tool for an insurance practitioner who is or may be engaged in any aspect of IT insurance."

Price: £49.00 CII-Members / £59.00 Non-Members. 

Notes for Editors
1. The Insurance Institute of London's objectives are "to raise the levels of professional knowledge of those working in insurance in London, to assist members in their career development and to support and reinforce the role and work of the Chartered Insurance Institute". For more information about the work of the Insurance Institute of London, see www.iilondon.co.uk

2. The Insurance Institute of London's Research Study Groups review specific areas of business where its members identify a need for in-depth study and then produce detailed reports, with prices being kept low to encourage the education of its younger members.

3. The press are welcome to attend the book launch. Telephone the Institute office on 020 7600 1343 to add names to the guest list.