Why Do Insurance Companies Use Ambiguous Language In Their Policies? A Bibliometric Review
| dc.contributor.author | Nobanee, Haitham | |
| dc.contributor.author | Ballool, Bashaier | |
| dc.contributor.author | Alyammahi, Abdalla | |
| dc.contributor.author | ETAL.. | |
| dc.date.accessioned | 2024-07-01T06:18:50Z | |
| dc.date.available | 2024-07-01T06:18:50Z | |
| dc.date.issued | 2021 | |
| dc.description | The main aim of insurance companies is to grant risk-averse protection from a broad range of threats, including healthcare costs, loss of life, harm to property, exposure to liability, and unemployment. Despite their effectiveness in these respects, however, insurance contracts seldom work as intended. Their shortcomings were first pointed out by Doherty and Schlesinger (1990),and include insolvency of insurers and contractual confusion on behalf of customers who may lack the financial knowledge to interpret their insurance contracts correctly (Peter & Ying, 2019).According to Ghirardato (2004), uncertainty or ambiguity applies to situations in which certain incidents do not have a straightforward, socially reasonable likelihood allocation. Ambiguity in insurance contracts means that there is more than one understanding that contributes to indefiniteness or a lack of clarification (Schane, 2002). | |
| dc.description.abstract | This study aimed to investigate the reasons for insurance companies using ambiguous language in their insurance policies. A bibliometric and content analysis method was used by analyzing papers published from1985to 2020 and employing VOS viewer to conduct multiple sets of analyses. The results revealed five clusters and streams on ambiguity: optimal insurance, ambiguity aversion, insurance contracts, uncertainty, and risk assessment. The results confirmed the growing interest in studying ambiguity in insurance contracts and how the legal system handles ambiguity in insurance contracts. This research paper could be a starting point for future research to expand the scope of the investigation and provide background on the purpose of drafting insurance contracts in an ambiguous way and the overall impact of that drafting approach on both insurance companies and policyholders. Keywords: Insurance, Ambiguity, Insurance Contracts, Bibliometrics, Research Agenda | |
| dc.identifier.citation | Nobanee, H., Ballool, B., Lamdi, O. A., Al Mheiri, N., Al Dhaheri, S., Alhemeiri, S. S., & Alyammahi, A. (2021). Why Do Insurance Companies Use Ambiguous Language In Their Policies? A Bibliometric Review. J. Legal Ethical & Regul. Isses, 24, 1. | |
| dc.identifier.uri | https://dspace.adu.ac.ae/handle/1/5905 | |
| dc.language.iso | en | |
| dc.publisher | Hein Online | |
| dc.title | Why Do Insurance Companies Use Ambiguous Language In Their Policies? A Bibliometric Review | |
| dc.type | Article |