"The globalization of insurance markets means that understanding both international developments and local trends around the world is now fundamental for insurance executives coping with today's complex and competitive environment. By providing such a comprehensive picture of the world's insurance markets, this unique and necessary book becomes an essential tool for anyone seeking to operate wisely and successfully.

Richard D. Phillips, Professor and Chairman, Department of Risk Management and Insurance, Georgia State University, Atlanta, USA

"Comprehensive surveys, written by international experts, provide in depth descriptions and discuss recent developments of the world's major insurance markets. Each chapter contains essential insights for insurance executives and academic researchers interested in risk management and the globalization of insurance markets."

Patrick Liedtke, Secretary General and Managing Director, the Geneva Association, Switzerland

"This book depicts in an outstanding way the dichotomy of the insurance world today, which is still torn between global approaches and local solutions. Both insurance professionals and academics will profit enormously from its intelligent insights."

Raimond Maurer, Professor, Goethe-University Frankfurt, Germany

"In today's high competition environment, the understanding of international insurance markets is crucial to sustain an insurance company's competitive advantage. This book makes a major contribution to that understanding."

Edited by:

J. David Cummins, Harry J. Loman Professor of Insurance and Risk Management, Wharton School, University of Pennsylvania, USA

Bertrand Venard, Professor of Management, Audencia.Nantes School of

Management, France

Auteur

J. David Cummins-Harry J. Loman Professor of Insurance and Risk Management

Wharton School, University of Pennsylvania, July 1983 - present

Executive Director, S. S. Huebner Foundation for Insurance Education

July 1988 - present

Consultant, Federal Reserve Bank of New York, September 2000-August 2001.

Visiting Scholar, Federal Reserve Bank of New York, 2002-2003.

Metzler Chair, University of Frankfurt, Germany, summer 2000.

Associate Editor, Journal of Risk and Insurance, 1998-present.

Fellow, Wharton Financial Institutions Center, 1996-present.

Editor, Huebner International Series on Risk, Insurance and Economic Security

(series of scholarly books published by Kluwer Academic Publishers) etc.

Bertrand Venard- 2003 to 2005

Visiting Research Fellow, Wharton Business School, USA (see below for details).

2002 - now

Professor of Management, AUDENCIA, Nantes School of Management, France. This school is amongst the top five in France.

2000 - 2001

Visiting Professor, London Business School, UK.

1996 - 2002

Professor of Management, ESSCA, France. ESSCA is recognised at the highest level by the «Conférence des Grandes Ecoles» in France.

Résumé

Insurance and financial markets have been radically and deeply changed in the last 20 years. Deregulation, internationalization of insurance and financial institutions, increasing competition, electronic commerce, bancassurance, and the emergence of new risks are among the challenges faced by insurers and other financial firms. These developing trends pose both global and local challenges for financial firms participating in insurance markets.

"The Handbook of International Insurance: Between Global Dynamics and Local Contingencies" increases understanding of insurance markets by adopting an international comparative approach. Leading scholars and practitioners worldwide provide detailed information on market trends, regulation, taxation, and economic developments for thirteen specific countries in Europe, the Americas, and Asia. Each country chapter covers key aspects of insurance: life insurance, non-life insurance, and public and private social insurance programs.

The book also includes comprehensive chapters on reinsurance, Lloyd's of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization. A unique source of information on the evolution of insurance markets worldwide, this book provides valuable perspectives for scholars, practitioners, and policy makers.

Contenu
International Insurance Markets: Between Global Dynamics and Local ContingenciesAn Introduction.- The United States Insurance Market: Characteristics and Trends.- The Japanese Insurance Market and Companies: Recent Trends.- The UK Insurance IndustryStructure and Performance.- The French Insurance Market: Background and Trends.- The German Insurance Industry: Market Overview and Trends.- The Italian Insurance Sector between Macro and Micro Facts: Salient Features, Recent Trends, and an Econometric Analysis.- A Descriptive Analysis of Canadian Insurance Markets.- Insurance in the Netherlands: Market Structure and Recent Developments.- The Structure, Conduct, and Performance of the Spanish Insurance Industry.- The Insurance Market in the Republic of Ireland.- China's Insurance Industry: Developments and Prospects.- An Analysis of the Evolution of Insurance in India.- South African Insurance Markets.- Recent Developments in the Brazilian Insurance Market.- European Insurance Markets: Recent Trends and Future Regulatory Developments.- South and East Asian Insurance Market Growth and Development.- The Global Reinsurance Market.- Lloyd's and the London Insurance Market: An Overview.- An Overview of the Alternative Risk Transfer Market.