The wealth dynamics of insurance companies strongly depends on the success of their investment strategies, but also on liquidity shocks which occur during unfavorable years, when indemnities to be paid to the clients exceed collected premia. An investment strategy that does not take liquidity...

The paper examines the structural and organisational problems of social insurancesystems in Brazil and the Argentine in order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis’ as a modernphenomenon. Similarly,...

Traditional theories of the origins of the welfare state have emphasized the financial weakness of Britain’s largest provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with contemporary theories of institutional change...

Twenty years ago strategy was synonymous with formalised strategic planning. Nowadays, althoughstrategic planning systems still exist in organisations, they are not seen as the main or only vehiclethrough which strategies actually develop. It is recognised that other managerial processes play...

Die Branche ist gefordert. Kreative, flexible und finanzierbare Lösungen sind nötiger denn je. Dieser Beitrag verdeutlicht, dass strategische Wertschöpfungspartnerschaften und strategische Versicherungsnetzwerke derartige Lösungen offerieren können und den beteiligten...

Für die Auswahl geeigneter Wachstumsstrategien ist zuerst eine objektiveAnalyse des eigenen Unternehmens sowie der Wettbewerbssituationin der eigenen Branche und gegebenenfalls in angrenzenden Branchenerforderlich. Dazu dient beispielsweise ein Benchmarking mit Kennzahlen.Einen ersten...

This paper develops an approach to studying how bias in favor ofone party due to the pattern of electoral districting affects policy choice.We tie a commonly used measure of electoral bias to the theory of partycompetition and show how this affects party strategy in theory. Theusefulness of the...