Jump to ContentJump to Main Navigation
Inside the Communication RevolutionEvolving Patterns of Social and Technical Interaction$
Users without a subscription are not able to see the full content.

Robin Mansell

Print publication date: 2002

Print ISBN-13: 9780198296553

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198296553.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 July 2021

The Colleague in the Machine: Electronic Commerce in the London Insurance Market

The Colleague in the Machine: Electronic Commerce in the London Insurance Market

Chapter:
(p.128) 6 The Colleague in the Machine: Electronic Commerce in the London Insurance Market
Source:
Inside the Communication Revolution
Author(s):

Gordon Rae

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198296553.003.0006

Electronic commerce refers to all forms of commercial transactions that involve both organisations and individuals, and that are based on the processing and transmission of data through electronic media. It also refers to the effects of the electronic exchange of commercial information on activities such as organisational management, contracts, and legal and regulatory activities, among others. The development of electronic commerce was found to have caused favourable changes in society, in the economy, and in business, especially in some specific industries. Although the insurance industry already had the characteristics of a ‘new economy’, electronic commerce in the London Insurance Market Network (LIMNET) showed slow growth. This chapter looks into the social and technical factors that interfered with the development of electronic commerce in LIMNET and addresses why brokers and underwriters still prefer face-to-face negotiations over electronic transactions.

Keywords:   electronic commerce, electronic media, new economy, LIMNET, insurance, electronic transactions, face-to-face negotiation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .