Empowerment of the Third Party’s Direct Right of Claim and the Risk Management of liability Insurance

Su Yu;Cen Minhua

Journal of Central University of Finance & Economics ›› 2011, Vol. 0 ›› Issue (01) : 0-0.

PDF(2489 KB)
PDF(2489 KB)
Journal of Central University of Finance & Economics ›› 2011, Vol. 0 ›› Issue (01) : 0-0.
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Empowerment of the Third Party’s Direct Right of Claim and the Risk Management of liability Insurance

  • Su Yu;Cen Minhua
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Abstract

The new insurance law explicitly direct claim of liability insurance in a third party insurer, subject to the current development of China's insurance industry and legal penetration. The given of the right that the third party directly request will lead to the emergence of new practices liability insurance disputes brought to the insurance company of the business risk of the unknown. In order to ensure the stable operation of the insurance company, it is necessary to strengthen the prevention of the risk of litigation and to expand the mandatory liability insurance underwriting surface, and strengthen communication with the news media and the public in order to establish the protection of the interests of the insurance companies, and as a liability insurance stable operating system foundation.

Key words

third party claims / liability insurance / business risk

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Su Yu;Cen Minhua. Empowerment of the Third Party’s Direct Right of Claim and the Risk Management of liability Insurance[J]. Journal of Central University of Finance & Economics, 2011, 0(01): 0-0
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