The insured pays their consideration at the very beginning of the contract (payment of the premium), but before the insurer is called to perform their part, time may have changed their security profile. In view of the economic importance of insurance, this has led governmental authorities to enact regulations that should guarantee the long-term viability of insurers. It is of interest to note that the first regulations governing insurance were enacted primarily to protect insurers against fraudulent action on the part of the insured (over insurance, multiple insurance, [etc]).
It was only at the turn of the twentieth century, especially with the appearance in some countries of compulsory insurances (motor, liability, workmen's compensation), and because of the increasing level of complexity of insurance contracts, that legislators started to concern themselves to an increasing extent with protecting the interests of the insurance consumer (policy-holder and third parties). This trend has accelerated after the Second World War with the advent of "consumerism". Today the protection of the public and its fair treatment is cited as a major concern of most new insurance-related regulations. In a number of countries consumer protection has expanded the activities of the legislator beyond concern with reliability to include other considerations such as the availability, affordability and quality of insurance services. The [General Agreement on Trade in Services] (GATS), recently concluded within the framework of the [Uruguay Round] negotiations, recognizes specifically that in regard to financial services member countries "shall not be prevented from taking measures for prudential reasons, including for the protection of policy-holders... or to ensure the integrity and stability the financial system".
The Encyclopedia of World Problems and Human Potential is a unique, experimental research work of the Union of International Associations. It is currently published as a searchable online platform with profiles of world problems, action strategies, and human values that are interlinked in novel and innovative ways. These connections are based on a range of relationships such as broader and narrower scope, aggravation, relatedness and more. By concentrating on these links and relationships, the Encyclopedia is uniquely positioned to bring focus to the complex and expansive sphere of global issues and their interconnected nature.
The initial content for the Encyclopedia was seeded from UIA’s Yearbook of International Organizations. UIA’s decades of collected data on the enormous variety of association life provided a broad initial perspective on the myriad problems of humanity. Recognizing that international associations are generally confronting world problems and developing action strategies based on particular values, the initial content was based on the descriptions, aims, titles and profiles of international associations.
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