Business ethics in insurance

Business ethics in insurance refers to the moral principles guiding how insurers and agents conduct their work. It involves honesty, fairness, transparency, and integrity in interactions with clients and stakeholders. Ethical practices ensure insurers provide clear information, honor policies, avoid deceptive tactics, and manage claims responsibly. Upholding these standards builds trust, promotes customer welfare, and maintains a fair marketplace. Essentially, it’s about doing the right thing in every aspect of insurance business to benefit clients and guarantee fairness for all parties involved.