Ethical challenges in the two main segments of the insurance industry: Key considerations in the evolving financial services marketplace [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 36 (1-2):5 - 20 (2002)
Based on the findings of several research studies of professionals in both the property-liability insurance industry and the life insurance industry, the paper makes and supports several important points. First, ethical challenges in the insurance industry involve not only a series of ethical dilemmas frequently faced by those working in the business, but also a variety of factors that hinder those working in the industry as they seek to resolve the ethical dilemmas encountered in the course of their work. Both of these two components of ethical challenges must be understood by those in the financial services industry who will deal with insurance operations in the future. Second, whereas the life insurance business and the property-liability insurance business have traditionally been viewed as being quite different from one another and still are in terms of operations and regulation, the research findings show that they are no longer very different in terms of the key ethical challenges faced by those working in the two segments of the industry. The paper shows how during the past decade the ethical challenges in the property-liability insurance industry have become quite similar to those in the more troubled life insurance industry.
|Keywords||business ethics ethical challenges life insurance professional ethics property-liability insurance|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Pablo Ruiz, Ricardo Martinez, Job Rodrigo & Cristina Diaz (2015). Level of Coherence Among Ethics Program Components and Its Impact on Ethical Intent. Journal of Business Ethics 128 (4):725-742.
Similar books and articles
William R. Cupach & James M. Carson (2002). The Influence of Compensation on Product Recommendations Made by Insurance Agents. Journal of Business Ethics 40 (2):167 - 176.
Martin Kenney (1987). The Ethical Dilemmas of University-Industry Collaborations. Journal of Business Ethics 6 (2):127 - 135.
Mary A. Hums, Carol A. Barr & Laurie Gullion (1999). The Ethical Issues Confronting Managers in the Sport Industry. Journal of Business Ethics 20 (1):51 - 66.
Anthony D. Miyazaki (2009). Perceived Ethicality of Insurance Claim Fraud: Do Higher Deductibles Lead to Lower Ethical Standards? [REVIEW] Journal of Business Ethics 87 (4):589 - 598.
Øyvind Kvalnes (2011). Blurred Promises: Ethical Consequences of Fine Print Policies in Insurance. [REVIEW] Journal of Business Ethics 103 (S1):77-86.
S. R. Diacon & C. T. Ennew (1996). Can Business Ethics Enhance Corporate Governance? Evidence From a Survey of UK Insurance Executives. Journal of Business Ethics 15 (6):623 - 634.
Dennis M. Patten (2002). Give or Take on the Internet: An Examinationof the Disclosure Practices of Insurance Firm Web Innovators. [REVIEW] Journal of Business Ethics 36 (3):247 - 259.
Robert W. Cooper & Mark S. Dorfman (2003). Business and Professional Ethics in Transitional Economies and Beyond: Considerations for the Insurance Industries of Poland, the Czech Republic and Hungary. [REVIEW] Journal of Business Ethics 47 (4):381 - 392.
Patrick L. Brockett & E. Susan Tankersley (1997). The Genetics Revolution, Economics, Ethics and Insurance. Journal of Business Ethics 16 (15):1661-1676.
Robert W. Cooper & Garry L. Frank (2005). The Highly Troubled Ethical Environment of the Life Insurance Industry: Has It Changed Significantly From the Last Decade and If so, Why? [REVIEW] Journal of Business Ethics 58 (1-3):149 - 157.
Added to index2009-01-28
Total downloads18 ( #150,455 of 1,724,748 )
Recent downloads (6 months)1 ( #349,121 of 1,724,748 )
How can I increase my downloads?