Swiss insurance policy for European integration

Article Abstract:

Zurich Insurance and Winterthur Insurance are two Swiss companies poised to make substantial gains in the European insurance industry as a result of the single European market of 1992. Allianz of Germany and Assicurazioni Generali of Italy are two insider insurance firms that will benefit from a European insurance industry unification. Companies are being given the option to expand beyond their regional borders in an increasingly competitive European market. Insurance companies, in particular, are using corporate restructurings and takeovers to vie for key positions in the global market. The Swiss corporations have the advantage of longer prior experience in the global marketplace; innovative changes; and a 'multilocal' strategy.

Europe, Switzerland, Corporations, Allianz Aktiengesellschaft Holding, Single European market, Assicurazioni Generali S.p.A., Corporations, Swiss, Zurich Insurance Group, Winterthur Schweizerische Versicherungs Gesellschaft

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Eastern European insurance industry moves from state monopoly to competitive market

Article Abstract:

The insurance sectors in seven formerly communist Central and Eastern European countries are profiled to illustrate their transformation into competitive markets. The extent to which the former state insurance monopolies have progressed down the road to market reform varies, as not all of the countries have the prerequisites needed for the formation of a viable market. Three key components that need to be established before any of these countries can develop a competitive insurance industry are an established legal framework, a modern capital market, and a mature insurance culture.

Competition (Economics), Eastern Europe, Monopolies, Europe, Eastern

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The multinational reinsurance market

Article Abstract:

The international reinsurance market has remained a successful part of the international financial services industry during time of change. While professional reinsurance companies are still the dominant force in the market, direct insurers are beginning to enter the reinsurance sector.Since reinsurance provides no barriers to those wishing to enter the market, professional reinsurance companies may find competition increasing in the future.

Reinsurance

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