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.

Analysis, Services industry, Service industries, Restraint of trade

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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.

On-Line Information Services, Database Vendors, Information retrieval services, Usage, Database industry, Prevention, Information services, Databases, Insurance fraud

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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.

China, Economic policy, European Union

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