Trading risk: The value of relationships, models and face-to-face interaction in a global reinsurance market

Author(s):

Paula Jarzabkowski

 et al.

Over the past 20 years, the reinsurance industry has experienced three profound forces for change. First, technological change has improved information distribution and strengthened connections between global markets. Second, regulatory emphasis on global equivalence in trading practices has generated pressure for convergence across different marketplaces. Third, the widespread acceptance of vendor property catastrophe models has led to more standardised approaches to the evaluation of reinsurance risks, levelling the playing field for decision-making on at least some classes of business. However, there has been little systematic evaluation of the specific implications of change for either trading practices or for future industry evolution. This report addresses that gap by presenting the results of an industry-commissioned, year-long study of reinsurance underwriting and broking practices in the Lloyd's and Bermuda marketplaces.

Updated: 10/02/2017
Comments:
Views: 6,449

The Importance of Reciprocal Spillover Effects for the Valuation of Bestseller Brands

Category extensions occur when a firm holding the rights to a well-known brand uses or licences that brand for use in a different product category. Measuring the value of category extensions is of key importance when granting licences to other firms. This study offers guidance to managers of entertainment products on how to value such rights, while acknowledging the important roles of 'reciprocal spillover effects'.

Updated: 10/02/2017
Comments:
Views: 6,616

Dubai as an International Financial Centre - the opportunity is there

Author(s):

Stephen Thomas

 et al.
Topic:
Finance
Industry:
Banking

New research identifies Dubai's chance to become the financial hub for Middle East and Africa. Improvements to financial infrastructure and the maturity of its financial markets are key to this opportunity.

Updated: 09/02/2017
Comments:
Views: 5,254

What is the role of the corporate leader in the innovation process post-financial crisis?

A joint project between Cass and the Chartered Insurance Institute (CII).

Updated: 09/02/2017
Comments: 12
Views: 18,428

Pension Scheme Governance in a Risk-Focused World

A new study published by BNY Mellon, the global leader in investment management and investment services, in association with Cass Consulting presents a framework to help trustees better navigate the complexities of today's risk-focused world.

Updated: 09/02/2017
Comments:
Views: 5,833

The Case for Multitasking

With increasing demands on our attention, many of us attempt to multi-task to save time, but is multitasking conducive to a higher quality of work? The following report, based on research by Professor Vangelis Souitaris, explains that there is a difference in performance between those who multi-task and those who do not.

Why is this? Also outlined are some of the benefits and limitations of being able to multi task and suggestions for companies looking to improve output.

Updated: 09/02/2017
Comments: 5
Views: 15,371

Innovation and the critical role of supplier support - the case of the Tyrell P34

In the 1970s an innovative design of car threatened to achieve dominance in Formula 1, but was stymied by lack of supplier support. Paolo Aversa discusses the history of the Tyrell P34, a case which confirms the critical importance of strategic suppliers to innovation in industry.

Updated: 09/02/2017
Comments:
Views: 16,526

Open innovation norms and knowledge transfer in interfirm technology alliances

How does knowledge transfer in interfirm technology alliances change when an industry norm of collaboration evolves? Firms tend to transfer more knowledge in technology joint ventures compared to contractual technology agreements. Using insights from new institutional economics, this research explores thet extent to which alliance governance association with interfirm knowledge transfer is sensitive to an evolving industry norm of collaboration connected to the logic of open innovation.

Updated: 09/02/2017
Comments:
Views: 8,096

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: 10,771