Rights and Duties of Parties in Insurance Arbitration

Abstract

The rights and duties of the parties in insurance abitration shall be guaranteed to the same extent as in unspecialized arbitral proceedings. On the other hand, insurance arbitration has a specific character given by the subject of the controversy. The majority of insurance disputes originate from contractual or noncontractual obligations. The parties are business partners preferring amicable and accelerated proceedings. Therefore, insurance arbitration is less formal than consumer and other arbitrations, as those arbitration place an emphasis on the protection of the weaker party (the consumer).