Scandinavian market reflects consolidation in Europe

Article Abstract:

Insurance companies in Scandinavia continue to consolidate, merge and reduce costs in line with merger trends in Western Europe. Skandia and Stadshypotek agreed to merge in Dec 1996, and the Swedish government subsequently decided to divest its stake in Stadshypotek. WASA Life plans to cut expenses by 150 million Swedish krona and lay off 200 employees. Vital also plans to save about 120 million Norwegian kroner and to lay off 150 employees. Analysts expect cost savings from merged Danish insurers to revitalize the European insurance market.

Mergers, acquisitions and divestments, Acquisitions and mergers, Scandinavia

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The objective is the object

Article Abstract:

One of the most common problems being faced by an insurance business is the intricacies involved in keeping online with the constant changes in its data entry. Object technology has proven to be an effective means of achieving insurance forms enhancement. This is a new method of creating and programming of maintaining programming code and the applications in which it is used. It offers a variety of management benefits such as reusability, scaleability, extendability, interoperability and electronic data interchange.

Interpretation and construction, Insurance policies

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Outsiders make inroads in Argentina's market

Article Abstract:

Foreign investments largely dominate Argentine insurance market. The Roberts Group which is considered as one of the strongest and most traditional insurance companies in Argentina was bought by the Hong Kong Shanghai Bank and the Banco Central Hispano of Spain. Several other Argentine banks and insurance companies were sold to foreign investors. This proves that outsiders are slowly inching their ways towards Argentina's economic sphere.

Argentina

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