Global Reinsurance Masterclass series: 2. Fit for purpose?

The reinsurance industry is a secondary industry. It exists to serve the needs of a primary insurance industry: so trends in insurance are likely to change the kinds of products which insurance companies need from reinsurers. This Masterclass focuses on the buyers of reinsurance - the primary insurers, whose world is rapidly changing - and shows how reinsurers need to position themselves to continue

to attract insurers' premium.

Updated: 15/10/2013
Comments:
Views: 10,702

Reverse Knowledge Transfer from Subsidiaries to Multinational Companies: Examples From South Korea

Author(s):

Chris Rowley

 et al.

The debate around primary determinants influencing Reverse Knowledge Transfer has yet to attain academic consensus. This paper draws an overall picture of Reverse Knowledge Transfer from subsidiaries to parent firms, particularly in the context of an energetic emerging market, by incorporating all the different facets of the phenomenon. The research is based on a sample of subsidiary companies located in South Korea.

Updated: 09/02/2017
Comments: 12
Views: 10,588

Continuous Chain Ladder: Reformulating a classical insurance problem

Author(s):

Jens Nielsen

 et al.

The estimate of outstanding liabilities is of immense importance to non-life insurance companies. The task of estimating this number is frequently left to actuaries. This paper introduces a number of new methodologies and approaches to estimating outstanding liabilities in non-life insurance, and invites greater participation from operational research statisticians in improving research into the matter.

Updated: 09/02/2017
Comments:
Views: 10,443

Do industry clusters work?

Government policy in the UK and in many other countries has been heavily influenced in recent years by the idea of 'regional clustering' as a motor for economic development. The belief is that a concentration of firms, resources and infrastructure in an industry has benefits for firms and for the region as a whole, especially in innovation.

Updated: 28/12/2014
Comments: 22
Views: 10,441

Default funds in UK-defined contribution pension plans

We analyse the range of default funds offered by UK 'stakeholder' DC plans, which by law must offer a default fund.

Updated: 05/01/2015
Comments: 8
Views: 10,432

The impact of Private Equity on employment, wages and human resources management.

Author(s):

Nicolas Bacon

 et al.

The impact of private equity backed leveraged buyouts (LBOs) has attracted increased regulatory scrutiny in the past two decades. This reflects the private equity industry's growing economic importance, and also the increased activity of private equity firms beyond their traditional US and UK markets. Private equity's growing presence in continental Europe in particular has caused considerable public controversy in terms of implications for workers and labour unions. This paper explores the impact of private equity LBOs on three labour management issues central to recent debates: employment and wages; human resource management practices; and industrial relations. We concentrate on these aspects because the impact of private equity LBOs on labour management and workers' interests continues to inform debates concerning the appropriate regulatory framework in which the private equity industry operates.

Updated: 09/02/2017
Comments:
Views: 10,295

Why do foreign banks stay in London?

Author(s):

Andrew Clare

Industry:
Banking

In recent light of the Independent Banking Commission's new report on reforming the banking sector, there is a new worry that some of the world's largest investment banks will leave London for countries that offer better incentives and benefits. However, a Cass research team has found that financial institutions may find there are different benefits to continuing operations in London.

Updated: 05/01/2015
Comments: 12
Views: 10,212

Taking stock of corporate governance research while looking to the future

Author(s):

Igor Filatotchev

This essay identifies some key issues for the analysis of corporate governance based on the articles within this special review issue coupled with our own perspectives. Our aim in this issue is to distil some research streams in the field and identify opportunities for future research. Our analysis suggests that analytic and regulatory approaches to corporate governance issues should move from a 'one-size-fits-all' template to taking into account organizational, institutional and national contexts.

Updated: 10/02/2017
Comments:
Views: 10,124

The role and impact of trade union equality representatives in Britain

Drawing on data from the first ever national survey of trade union equality representatives, this article assesses the impact the role has had in British workplaces. This evaluation is important, given the role the previous government identified for unions in helping to deliver equality policy. It is also important as part of a broader evaluation of the union modernisation agenda.

Updated: 07/01/2013
Comments:
Views: 10,006