[eng] The primary market : the institutional investors. The markets globalization led both to a globalization of the firms and to a specialization of the skills, among which the ones of an institutional investor. In France, the growing place of the intermediation of savings, as well as the...

This paper tells of the importance of capital for insurance companies and how, as a result of the crises of 2000–2003, they have learned to better manage their capital and risk. The Geneva Papers (2005) 30, 47–51. doi:10.1057/palgrave.gpp.2510017