International Commercial Insurance Law

Almost none of the daily individual and business activities would be performed as they are without an insurance backing behind them. We do not realise the significance of insurance until we suffer a considerable amount of loss which we may try to recover, if it is insured, from the insurer. An insurance cover is obtained through an insurance contract. Whilst it is true that general contract law principles apply, insurance is a specialist type of contract which cannot be understood only based on general contract law principles, some of which differ greatly from those of insurance law.