Handbook of International Insurance (eBook)

Between Global Dynamics and Local Contingencies
eBook Download: PDF
2007 | 2007
XXX, 982 Seiten
Springer US (Verlag)
978-0-387-34163-7 (ISBN)

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Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today's insurance markets.

This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd's of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.



J. David Cummins-Harry J. Loman Professor of Insurance and Risk Management

Wharton School, University of Pennsylvania, July 1983 - present

Executive Director, S. S. Huebner Foundation for Insurance Education

July 1988 - present

Consultant, Federal Reserve Bank of New York, September 2000-August 2001.

Visiting Scholar, Federal Reserve Bank of New York, 2002-2003.

Metzler Chair, University of Frankfurt, Germany, summer 2000.

Associate Editor, Journal of Risk and Insurance, 1998-present.

Fellow, Wharton Financial Institutions Center, 1996-present.

Editor, Huebner International Series on Risk, Insurance and Economic Security

(series of scholarly books published by Kluwer Academic Publishers)  etc.

Bertrand Venard-

2003 to 2005

Visiting Research Fellow, Wharton Business School, USA (see below for details).

2002 - now

Professor of Management, AUDENCIA, Nantes School of Management, France. This school is amongst the top five in France.

2000 - 2001

Visiting Professor, London Business School, UK.

1996 - 2002

Professor of Management, ESSCA, France. ESSCA is recognised at the highest level by the «Conférence des Grandes Ecoles» in France.


Insurance and financial markets have been radically and deeply changed in the last 20 years. Deregulation, internationalization of insurance and financial institutions, increasing competition, electronic commerce, bancassurance, and the emergence of new risks are among the challenges faced by insurers and other financial firms. These developing trends pose both global and local challenges for financial firms participating in insurance markets. "e;The Handbook of International Insurance: Between Global Dynamics and Local Contingencies"e; increases understanding of insurance markets by adopting an international comparative approach. Leading scholars and practitioners worldwide provide detailed information on market trends, regulation, taxation, and economic developments for thirteen specific countries in Europe, the Americas, and Asia. Each country chapter covers key aspects of insurance: life insurance, non-life insurance, and public and private social insurance programs. The book also includes comprehensive chapters on reinsurance, Lloyd's of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization. A unique source of information on the evolution of insurance markets worldwide, this book provides valuable perspectives for scholars, practitioners, and policy makers.

J. David Cummins-Harry J. Loman Professor of Insurance and Risk Management Wharton School, University of Pennsylvania, July 1983 - present Executive Director, S. S. Huebner Foundation for Insurance Education July 1988 - present Consultant, Federal Reserve Bank of New York, September 2000-August 2001. Visiting Scholar, Federal Reserve Bank of New York, 2002-2003. Metzler Chair, University of Frankfurt, Germany, summer 2000. Associate Editor, Journal of Risk and Insurance, 1998-present. Fellow, Wharton Financial Institutions Center, 1996-present. Editor, Huebner International Series on Risk, Insurance and Economic Security (series of scholarly books published by Kluwer Academic Publishers)  etc. Bertrand Venard- 2003 to 2005 Visiting Research Fellow, Wharton Business School, USA (see below for details). 2002 - now Professor of Management, AUDENCIA, Nantes School of Management, France. This school is amongst the top five in France. 2000 - 2001 Visiting Professor, London Business School, UK. 1996 - 2002 Professor of Management, ESSCA, France. ESSCA is recognised at the highest level by the «Conférence des Grandes Ecoles» in France.

Table of Contents 6
Author's Biographies 17
1 International Insurance Markets: Between Global Dynamics and Local Contingencies - An Introduction 30
2 The United States Insurance Market: Characteristics and Trends 54
3 The Japanese Insurance Market and Companies: Recent Trends 175
4 The UK Insurance Industry - Structure and Performance 233
5 The French Insurance Market: Background and Trends 268
6 The German Insurance Industry: Market Overview and Trends 332
7 The Italian Insurance Sector between Macro and Micro Facts: Salient Features, Recent Trends, and an Econometric Analysis 373
8 A Descriptive Analysis of Canadian Insurance Markets 428
9 Insurance in the Netherlands: Market Structure and Recent Developments 479
10 The Structure, Conduct, and Performance of the Spanish Insurance Industry 522
11 The Insurance Market in the Republic of Ireland 575
12 China's Insurance Industry: Developments and Prospects 618
13 An Analysis of the Evolution of Insurance in India 662
14 South African Insurance Markets 700
15 Recent Developments in the Brazilian Insurance Market 763
16 European Insurance Markets: Recent Trends and Future Regulatory Developments 808
17 South and East Asian Insurance Market Growth and Development 868
18 The Global Reinsurance Market 896
19 Lloyd's and the London Insurance Market: An Overview 922
20 An Overview of the Alternative Risk Transfer Market 944
Index 972

Erscheint lt. Verlag 23.12.2007
Reihe/Serie Huebner International Series on Risk, Insurance and Economic Security
Huebner International Series on Risk, Insurance and Economic Security
Zusatzinfo XXX, 982 p.
Verlagsort New York
Sprache englisch
Themenwelt Mathematik / Informatik Mathematik
Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Versicherungsbetriebslehre
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Wirtschaft Volkswirtschaftslehre Makroökonomie
Schlagworte bancassurance • Change • Financial Market • Financial Markets • Innovation • insurance regulation • International Insurance • Performance • reinsurance • Risk Management • Trends
ISBN-10 0-387-34163-3 / 0387341633
ISBN-13 978-0-387-34163-7 / 9780387341637
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