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The Emergence of cross-border insurance groups within Europe with centralised risk management

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cab a2200000 4500
001  MAP20080015206
003  MAP
005  20091201135600.0
008  080903e20080701che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎219
100  ‎$0‎MAPA20080644604‎$a‎Schoenmaker, Dirk
24514‎$a‎The Emergence of cross-border insurance groups within Europe with centralised risk management‎$c‎Dirk Schoenmaker, Sander Ooosterloo and Otto Winkels
520  ‎$a‎This paper analyses the degree of internationalisation of insurance business. Using a novel data set of 25 large EU insurance groups, we find that the insurance industry has a strong international orientation. About 55 percent of the business of these large insurance groups is conducted abroad. The cross-border activities are predominantly within Europe (30-35 percent) and less so in the rest of the world (20-25 percent). Next, this paper examines the impact of internationalisation on the organisational structure. We find a clear trend towards centralising risk and capital management activities within large insurance groups, though insurance remains at the same time a local business. Applying the hub and spoke model, we identify which functions are executed at the centre (hub) and which functions are performed at the level of the local business units (spokes)
650 1‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 1‎$0‎MAPA20080630270‎$a‎Internacionalización de la empresa
650 1‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 1‎$0‎MAPA20080579609‎$a‎Comercio exterior
7001 ‎$0‎MAPA20080644611‎$a‎Oosterloo, Sander
7001 ‎$0‎MAPA20080644628‎$a‎Winkels, Otto
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/07/2008 Tomo 33 Número 3 - 2008, p. 530-546