From hot dogs to high tech - the overseas expansion of America's service sector
Article Abstract:
Worldwide economic conditions have never been more suitable than in the mid-1990s to the overseas expansion of the US service sector, which has long accounted for a major portion of the country's GDP. However, trade barriers such as denial of market entry, insurance monopolies and restricted operating licenses continue to hinder insurance companies from opening offices and offering products and services in several countries. Such barriers would have to be torn down for the service sector, in general, and the insurance industry, in particular, to continue with its foreign ventures.
Publication Name: CPCU Journal
Subject: Insurance
ISSN: 0162-2706
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Insurance companies launch high-tech assault on fraud
Article Abstract:
Insurance companies lose an estimated $20 billion annually to insurance fraud. To combat insurance fraud, most companies operate special investigate units that look into possible fraud cases. Another promising fraud-prevention approach uses information databases on potential fraudulent claims. Such databases provide claims representatives with a quick reference to potential fraudulent claims. Examples of such databases include American Insurance Services Group's INDEX and PILR and the National Insurance Crime Bureau's ClaimSmart system.
Publication Name: CPCU Journal
Subject: Insurance
ISSN: 0162-2706
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Opportunities and obstacles - American insurers move overseas
Article Abstract:
The more liberalized worldwide economic order that resulted from the culmination of the seven-year Uruguay Round of talks on the GATT has led many US-based reinsurers to venture into foreign markets. Setting the standard when it comes to a deregulated insurance industry is the EC, followed closely by Mexico, Canada and China. However, trade barriers continue to hinder reinsurers' efforts to start operations in some countries.
Publication Name: CPCU Journal
Subject: Insurance
ISSN: 0162-2706
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Reinsurers must expand scope of financial services to thrive. Reinsurance and managing insurance company risk
- Abstracts: Consumer Privacy: A Pivitol Hinge - As the irreversible winds of the financial services tempest sweep across the national business-scape
- Abstracts: The new technology wave. Image systems expand beyond service. On the cutting edge of service
- Abstracts: Don't touch that dial; these days it's likely an insurance commercial may be coming on. Joint venturing - a survival strategy
- Abstracts: Companies look to stem agent turnover. Examining universal life policies