Barriers of the Electronic Insurance Contract

Abstract

The electronic insurance contract is defined in general terms: the use of the Internet and related information technologies in the production and distribution of insurance products and services. Electronic insurance in particular is the provision of the  insurance coverage and the related offer, negotiation and contracting over the Internet, as well as payment and document delivery and claims settlement processes through the Internet .Therefore, the electronic insurance contract is one of the contracts concluded by means of electronic means, a contract between those present in time and absent in terms of place .Through using the internet , there are very strong expectations for the growth of electronic insurance .The fact is that many insurance companies continue to invest their potential in electronic commerce and the internet has become a very important influence on the environment surrounding insurance companies. The modest progress of electronic insurance can be attributed to the prevailing view that insurance companies consider using the Internet a risky strategy, especially in the absence of legislative frameworks regulating such contract. If the electronic insurance contract has many advantages, on the other hand, it carries many negatives, which include the presence of many obstacles. The research objective is to identify these obstacles in this insurance (electronic insurance contract), which are the technical obstacles and the legal ones. We have reviewed a number of conclusions and recommendations in this research.

Keywords: barriers, electronic, contract, insurance