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Eight European
Insurance Conglomerates With U.S. Operations
Insurers all over the world face intense competition for customers
today. Among those vying for a piece of the action are European
conglomerates now familiar to practitioners in the U.S. insurance
industry -- and to many U.S. consumers as well. This study in
consolidation examines multinational insurance groups that are among the
top 100 largest life and health insurers in the U.S. today -- Axa, ING,
Allianz, Prudential (UK), Zurich, Fortis, Aegon, and Skandia (169 pages, 1999).
Financial Management
in the Life Insurance Industry
This report looks at the
expanding role of the financial management officer in the life insurance
industry. Previously seen as a "scorekeeper," the top
financial executive has become a navigator, helping the CEO and other
senior officers to develop, execute, and fulfill corporate strategies
that add to long-term shareholder value and, in mutual companies,
policyowner value. It explores the challenges of senior financial
officers who must possess human resources skills, as well as a wide
range of technical skills, to operate effectively (117 pages, 1999).
The Life Insurance
Company as a Learning Organization
This report describes how
executives from both functional and line management can create a
learning environment to meet the need to learn quickly in a fast-moving
business climate. Stresses the need to understand economic, competitive,
regulatory, technological and demographic developments, and the
importance of cross-functional planning (122 pages, 1998).
Bancassurance:
Positioning for Affiliations--Lessons from Europe, Canada, and the
United States
This report shows how
bancassurance works and how established insurance companies respond to
it. Included are case studies of bancassurers in Europe and Canada,
moves by U.S. banks into bancassurance, and moves by insurers to
assurbanking. It is based on a survey North American banks and savings
institutions, interviews with 25 executives of U.S. bank-owned insurance
agencies and Canadian bank-owned insurance companies, interviews with 15
executives of French bancassurance and assurbanking companies,
discussions with UK banacassurance experts, and a review of published
bancassurance literature (181 pages, 1997).
Responding to the Rating Agencies
When appraising an insurer's financial health, rating agencies now
scrutizine an insurer's strategic plan for its long-term survival. This
report analyzes how today's environment has driven this change and other
methods used by A.M. Best, Moody's, Standard & Poor's, Duff &
Phelps and Weiss Research. It is an update of LOMA's 1992 report, Life
Insurance Industry Rating Agencies (94 pages, 1997).
Management of Life
Insurance Companies in High Risk Environments
Effective corporate-wide risk management has become a major issue for
life insurers in the
US
and
Canada
. This is the result of greatly increased exposure of life insurers to a
wide variety of new risks including new sources of competition, new
sources of investment risk, greatly increased litigation, risks from
adverse publicity, a variety of competitive and management control
problems inherent in new technologies, new sources of underwriting risk,
and increased exposure to fraudulent claims. This report will assist
life insurance executives in developing comprehensive programs to
analyze, measure, and control these and related risk exposures in order
to increase the likelihood of meeting corporate profitability and
solvency objectives (1997).
Global Survey of the Life Insurance Industry
This report discusses the
major issues driving change in life insurance business practices around
the world, and analyzes regional markets defined by government
practices, economic and demographic trends, and cultural influences. The
results of a survey of life insurance company presidents in 60 countries
provide the backbone for this report, which looks at the current
business environment and the future for the industry in these countries (98 pages, 1996).
Work Teams in the Life Insurance Industry
Permanent work teams can improve customer service, increase
productivity, and boost employee job satisfaction. Or they can create
more problems than they resolve. This 90-page report, based on
interviews with 155 people at nine insurance companies that have
introduced work teams, includes examples of what works and what doesn't,
and offers guidance for those who are considering work teams (92 pages,
1996).
Capital Management
in the Life Insurance Industry: Revised Edition
Offers a capital
management process to deal with today's pressures, from
interest-sensitive products to increasingly volatile investment markets.
This updated version of the 1991 Capital Management Report takes into
account the introduction of risk-based capital by regulators in 1993,
the new asset valuation reserve and interest maintenance reserve, and
the new asset-liability management approach. Analyzes capital management
from both the
U.S.
and Canadian perspective (101 pages, 1995).
The
Internet and Online Services: Opportunities for Insurance and
Financial Services Companies (1995)
Managing
Pay for Performance in the life and Health industry
(1995)
Risk-Based Capital
in the Life Insurance Industry
Focuses on the
managerial implications of U.S. risk-based capital (RBC) regulation.
This report reviews the role of RBC in the light of other regulations
involving insurer solvency. It also examines the specific RBC
requirements, relevant legal issues, competitive implications and
strategies that companies can use to deal effectively with RBC (136
pages, 1994).
Reengineering the Life
Insurance Company: Integrating Technology, People, and Work
(1994)
The Future of Life
Insurance Industry Savings Accumulation Vehicles
This report
defines savings and savings vehicles; describes the factors that
influence saving behavior; discusses U.S. savings performance; and
predicts the role of the life insurance industry in generating savings
in the near future (82 pages, 1993).
Asset-Liability
Management in the Life Insurance Industry
Reviews methods
of defining liability and asset cash flow structure, discusses how to
develop and appropriate asset-liability management policy using
actuarial and other information, and reviews operational issues such as
business segmentation and the coordination of actuarial and investment
functions (114 pages, 1993).
The Future of Life
Insurance Industry Savings Accumulation Vehicles
(1993)
Living Benefits Life
Insurance Products: Practices and Challenges
(1993)
Measuring Financial
Performance in the Life Insurance Industry
This report
translates recent developments in financial and actuarial theory into
practical accounting systems that insurance companies can use to achieve
their return on capital objectives. A joint project of LOMA and Ernst
& Young (128 pages, 1992).
Living Benefits Life
Insurance Products: Practices and Challenges
Because living benefits products are new, insurance companies face
uncertainty when offering them. This report shows how companies
typically design, price, market, underwrite, reinsure, evaluate claims
and value reserves of these products. It also suggests issues that
managers should address when performing these activities (87 pages,
1993).
Demographics in
the 1990s and the Life Insurance
Industry
,
United States
Edition
(1992)
Demographics in
the 1990s and the Life Insurance Industry, Canadian Edition
(1992)
Life Insurance
Industry Rating Agencies
(1992)
Techniques For
Measuring Agency Profitability
This research, conducted jointly with LIMRA International (the Life
Insurance Marketing & Research Association, International), looks at
the implementation of three measures of agency profitability--comparing
an agency's performance with pricing assumptions, developing a GAAP
income statement for an agency, and using the capitalized value approach
to estimate agency profitability (40 pages, 1991).
Strategic Management:
Meeting New Challenges
(1990)
Life and Health
Guaranty Associations and Insurer Solvency
(1990)
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