Risk Assessment in Insurance Related to New Technologies in the Context of Insurance Contract Principles

Abstract

The article aims to present trends in the risk assessment and entities involved in this process in the changing world. The underwriting process has been analyzed in terms of law, in the light of changing regulations, and what is more, in the context of new technologies increasingly used in insurance. The purpose of the article is to determine if technology causes the necessity to change the approach to the principles of insurance contract and how it affects the activities of insurers. To achieve this goal two aspects have been considered, namely, whether the use of new technologies by insurers in the process of risk assessment and, on the other hand, whether the emerging risks dependent on new technologies exert an influence on the rules governing the insurance contract.