Consolidation and Value Creation in the Insurance Industry: The Role of Governance

Author(s):  
Georges Dionne ◽  
Narjess Boubakri ◽  
Thouraya Triki
2008 ◽  
Vol 32 (1) ◽  
pp. 56-68 ◽  
Author(s):  
Narjess Boubakri ◽  
Georges Dionne ◽  
Thouraya Triki

2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Anis Ur Rehman ◽  
Yasir Arafat Elahi ◽  
Sushma .

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.


2020 ◽  
pp. 875697282097722
Author(s):  
Denise Chenger ◽  
Jaana Woiceshyn

The front end of projects is strategically important; yet, how project concepts are identified, evaluated, and selected at the pre-project stage is poorly understood. This article reports on an inductive multiple-case study of how executives made such decisions in major upstream oil and gas projects. The findings show that in such a high-risk context, often an experienced executive makes these decisions alone and he creates value by facilitating growth. We identified three value-creating decision processes that varied by the executives’ risk approach and decision context. These processes depart from the formal project management prescriptions and the strategic decision-making literature.


2018 ◽  
Vol 10 (11) ◽  
pp. 3923 ◽  
Author(s):  
Pier Sacco ◽  
Guido Ferilli ◽  
Giorgio Tavano Blessi

We develop a new conceptual framework to analyze the evolution of the relationship between cultural production and different forms of economic and social value creation in terms of three alternative socio-technical regimes that have emerged over time. We show how, with the emergence of the Culture 3.0 regime characterized by novel forms of active cultural participation, where the distinction between producers and users of cultural and creative contents is increasingly blurred, new channels of social and economic value creation through cultural participation acquire increasing importance. We characterize them through an eight-tier classification, and argue on this basis why cultural policy is going to acquire a central role in the policy design approaches of the future. Whether Europe will play the role of a strategic leader in this scenario in the context of future cohesion policies is an open question.


SAGE Open ◽  
2020 ◽  
Vol 10 (1) ◽  
pp. 215824401989910 ◽  
Author(s):  
James Agyei ◽  
Shaorong Sun ◽  
Eugene Abrokwah ◽  
Emmanuel Kofi Penney ◽  
Richmond Ofori-Boafo

This study examined the influence of trust dimensions on customer engagement, and the resultant impact of customer engagement on customer loyalty in the context of life insurance. Furthermore, it investigated the mediating role of customer engagement in the relationships between trust dimensions and customer loyalty. A total of 452 valid responses from life insurance customers in Ghana were examined using structural equation modeling (SEM). The results revealed that trust in service provider, trust in the regulator, economy-based trust, and information-based trust significantly influence customer engagement, with trust in service provider and trust in the regulator driving a higher level of customer engagement. The results also uncovered that customer engagement significantly enriches customer loyalty and mediated the relationships between the trust dimensions and customer loyalty. The findings highlight the importance of building convincing customer trust to advance customer engagement and customer loyalty.


2017 ◽  
Vol 135 (1) ◽  
pp. 67-85 ◽  
Author(s):  
Pieter Vermeulen

AbstractThe question of how world literary value is produced has been central to recent debates. While Pascale Casanova’s influential account of a relatively autonomous ‘world literary space’ follows the work of Pierre Bourdieu in applying economic metaphors to processes of world literary value production, this essay argues that Casanova’s 1999 account needs to be updated in light of recent economic and cultural developments: the economic and the literary sphere are no longer separate but fundamentally entwined, which means that processes of world literary value creation cannot be modeled as a pseudo-market. The essay traces ongoing debates on the transcultural circulation of Holocaust memory to put forward a more flexible and multifaceted model for the production of world literary value. To demonstrate the claim that world literary value is today articulated with other forms of value, the essay investigates the role of Holocaust memory in the recent world literary consecration of Roberto Bolaño, Karl-Ove Knausgaard, and Elena Ferrante. Concentrated around New York-based publishers and media, these three cases not only demonstrate the crucial role of Holocaust memory in articulating literary value, they also show the recent shift from Paris to New York as a primary center of world literary value production.


Sign in / Sign up

Export Citation Format

Share Document