全球經濟情況變動，壽險公司的資產快速增加，國內投資工具無法滿足壽險公司的投資需求，政府大幅增加了壽險公司的投資範圍，如開放壽險公司海外投資上限，希望能提升壽險公司的資金運用效率。然而金融海嘯過後，壽險公司的投資績效受到打擊，金融資產出現大幅跌價，面臨投資跌價損失、資產減損、投資報酬率下降等情況，投資獲利逐漸下滑，影響了壽險公司的整體營運，經營情況日趨嚴峻。於是近年來，國內壽險公司投資收益佔營收比重逐漸增加，資產配置策略及實務上如何進行資金運用操作，實關係著壽險公司經營穩健度及獲利能力。本論文以一個案人壽公司為例，透過MV模型分析2005年至2011年間，在現行法令限制下，壽險公司投資組合的報酬率與風險之影響為何，且既定風險情況下，分析其投資績效，並探討此壽險公司資產配置是否具效率，又可如何調整配置提升投資報酬率，藉以供作壽險業未來資金運用策略之參考。 / As life insurance company assets rapidly increase and vary with global economical situations, domestic investment means no longer satisfy investing needs of life insurance companies. The Government relaxes investment restrictions, financially and legally, aiming to improve the very investment benefit of life insurance companies. But after the financial tsunami, their investment performance decreased, financial assets declined, unrealized losses on investment and asset impairment occurred, and return on Investment went down. The life insurance company’s overall operating conditions became more and more severe. Thus, the facts that the increasing proportion of domestic life insurance companies’ income on investment, asset allocation policy and practice on how to fund operations, do influence the stability and profitability of life insurance companies. Employing the Markowitz portfolio model, this thesis will analyze the investment benefit of life insurance companies with a specific case of a life insurance company during the period between 2005 and 2011. It reassesses issues below: the relation between capital allocation efficiency and risk of life insurance companies under established risk situations, the efficiency of life insurance companies’ asset allocation, and the rearrangement of asset allocation in order to upgrade capital allocation efficiency. These analyses would provide some reference for life insurance companies’ investing strategies in uses of future funds.

Submitted by Fabio Pitorri (fpitorri@gmail.com) on 2015-02-09T18:15:59Z No. of bitstreams: 1 Thesis_Pitorri_20150203_vf4.pdf: 1565383 bytes, checksum: 99334ac5cbf8776e73858deac2d5be9c (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2015-02-20T16:28:05Z (GMT) No. of bitstreams: 1 Thesis_Pitorri_20150203_vf4.pdf: 1565383 bytes, checksum: 99334ac5cbf8776e73858deac2d5be9c (MD5) / Approved for entry into archive by Marcia Bacha (marcia.bacha@fgv.br) on 2015-02-23T17:35:21Z (GMT) No. of bitstreams: 1 Thesis_Pitorri_20150203_vf4.pdf: 1565383 bytes, checksum: 99334ac5cbf8776e73858deac2d5be9c (MD5) / Made available in DSpace on 2015-02-23T17:35:42Z (GMT). No. of bitstreams: 1 Thesis_Pitorri_20150203_vf4.pdf: 1565383 bytes, checksum: 99334ac5cbf8776e73858deac2d5be9c (MD5) Previous issue date: 2014-10-30 / This paper aims to bring more information related to the critical question 'how IT areas of insurance companies are defining and delivering their strategic initiatives Portfolios?' and make conclusions based on the collected data. To reach these interpretations, it is composed of a theoretical investigation on the theme, a strategy delineation for the research methodology and a conclusion presentation based on the findings. In this last part, this study concluded that explored organization does not applied a sufficient number of best practices answering the critical question as 'the company is not mature on this subject'.

Work to the theme "Analysis of insurance products for small and medium sized enterprises" tries to find the optimal variant of insurance of enterprise for the given company. These variants, also the given insurance companies, are compared by using of monocriteria and multicriteria evaluation of variants. It is possible to apprise basic concept in the first part, relating to insurance industry, insurance, enterprise, small and medium sized enterprises, mono and multicriteria evaluation of variants. There is a given company defined in the practical part, what are these variants evaluate for. There are also requests defined, that a company holder determines with a help of insurance broker, and then insurance offers are in this part defined. I used a method of monocriteria evaluation that supposes pessimistic approach for evaluation of variants. The aim of this evaluation was to determine which combination of insurances would be for the businessman and his company the optimal variant. Variants were evaluated with the help of multicriteria evaluation later, specifically Saaty´ method of weight determination and AHP method for order determination. Criteria, which were evaluated, are for example insurance premium over the discount that was offered through individual insurance companies, requirements for the security of buildings that provide insurance companies, etc. Four variants were evaluated. Today´s businessmen often solve problem, how they should protect themselves and their business against risks that can threaten. At this moment it is important to realize not only what type of risks threaten the business, but also the extent of its. When a businessman decides to one insurance option, it´s necessary to navigate himself through the offers of insurance companies and even get advice from an insurance broker. He can also for example decide based on personal experience with the insurance company. It´s definitely important to analyse the offers from different insurers.

[pt] Este estudo tem por objetivo analisar quantitativamente e classificar 49 empresas da indústria de seguros em grupos estratégicos com base na tipologia de Porter (1980) e identificar as estratégias competitivas dos grupos que apresentaram os melhores desempenhos entre os anos de 2006 a 2008. Para isso, foram revisados na literatura alguns conceitos a respeito de grupos estratégicos, estratégia competitiva, tipologia genérica de Porter e avaliação de desempenho. Os dados utilizados neste trabalho foram oriundos de duas fontes secundárias: a primeira foi cedida confidencialmente por Costa (2006) e nela estavam parte das variáveis estratégicas e as variáveis do ambiente. A segunda fonte foi o site da SUSEP (Superintendência de Seguros Privados) e dela foram extraídas duas variáveis estratégicas e as variáveis de desempenho. Em seguida, na base de dados consolidada, foram aplicados testes estatísticos, tais como: z score, Kolmogorov- Smirnov e Shapiro-Wilk, k-means clusters, MANOVA, ANOVA, entre outros. Foram encontrados os 5 grupos estratégicos, de modo que 32,65% das empresas analisadas estão localizadas no grupo sem posicionamento, tendo relação direta com o passado deste mercado fortemente regulamentado e por consequência com baixa concorrência. / [en] This study aims to quantitatively analyze and classify 49 companies of the insurance industry into strategic groups based on Porter`s typology (1980) and to identify the competitive strategies of the groups that presented the best performance between the years of 2006 until 2008. For this, some concepts about strategic groups, competitive strategy, Porter s generic typology and performance evaluation were reviewed in the literature. The data used for this study were obtained from two secondary sources: the first was given confidentially by Costa (2006) and contributed with part of the strategic and environmental variables. The second source was the SUSEP (Superintendence of Private Insurance) website from which two strategic variables and the performance variables were extracted. Then, in the consolidated database, statistical tests were applied, such as: z score, Kolmogorov-Smirnov and Shapiro-Wilk, k-means clusters, MANOVA, ANOVA, among others. Five strategic groups have been identified and 32.65% of the firms surveyed were allocated in the group without placement. This has direct relation to the past of this highly regulated market which consequently presents low competition.

Předmětem diplomové práce je implementace teoretických poznatků s cílem ověřit relevantnost zdrojů informací sloužících pro výpočty ukazatelů finanční analýzy. První část je zaměřena ne teoretické poznatky finanční analýzy zejména u výrobních podniků a služeb. V této části je věnována velká pozornost poměrovým ukazatelům a jejich výpočtům. Teoretická část je zakončena specifiky finanční analýzy pro komernčí pojišťovnu. Výstupem práce je pak ověření relevance dat a poměrových ukazatelů finanční analýzy pro specifické odvětví pojišťoven z hledsika vývoje v čase a faktorů ovlivňujích jejich vývoj.

This thesis examinate by insurance frauds in transport. The thesis is thematicly divided to main individual parts. In the first part are summarized the theoretical concepts which pursue these issues. The second part focuses on a survey among the public regarding insurance frauds. The main target of this thesis is describing the current state of trade, where the main target will suggest more advantageous and more effective solutions for business based on the detected information and then will be applied to the practice.

The interest and demand of sustainable actions have alongside with societal development increased over time. It has become crucial for companies in today’s society to show responsibility for the footprints they leave behind as a consequence of operating. A possible course of action could be the implementation of Creating Shared Value – CSV, which encompasses undertakings that result in value creation for both the company itself, and the local environment in which the company operates. Even though companies are expected to contribute to societal issues, there are still no blueprints declaring how to satisfy societal needs, and the challenges accompanied with it. CSV aims to tackle the distances between societal and business goals, however, despite CSV’s acknowledgement in academia, the concept is often criticized for being insufficient in practice. This has led to businesses trying to apply a CSV approach while still undertaking Corporate Social Responsibility – CSR related activities. The mixture of these concepts has made it difficult to explore what factors that affect the process of capturing Shared Value opportunities. This research investigates what factors that influence the process of capturing Shared Value in the Swedish insurance industry. The findings derived from this single company case study suggests that depending on what managerial decision-making approach used in a company affects the rate of success in terms of Creating Shared Value. An unclear communication plan, combined with the continuous confusion between the concepts, seems to increase the uncertainness of why and how different decisions are taken, hindering the process of CSV as well as the understanding of how Shared Value is created. A variety of factors were identified, where three main factors were considered to play a key role in, not only the capturing of Shared Value opportunities but the entire implementation process of the concept. Based on these factors, a model was established, showing how these main factors obstructs the realization of Shared Value opportunities.

Ledarskap har visat sig ha en stark anknytning till motivation och arbetsengagemang, vilket i sin tur påverkar den organisatoriska prestationen positivt och leder till mer konkurrenskraftiga företag. Det övergripande syftet med den här studien var att få en bredare förståelse för hur ledarskapet kan påverka medarbetares arbetsengagemang inom försäkringsbranschen. Studien utgår ifrån Full Range Leadership Model (FRLM) som består utav tre olika ledarskapsstilar, Laissez-faire ledarskap, transaktionellt ledarskap och transformativt ledarskap. I studien har det transformativa ledarskapet analyserats då det i tidigare forskning visat sig ha ett starkt samband med arbetsengagemang. Det har undersökts med hjälp av en kvalitativ intervjustudie där fem djupintervjuer har genomförts via telefon. Respondenterna är anställda vid ett stort svenskt försäkringsbolag och har svarat på frågor kopplat till deras närmaste chef. I helhet visar studiens resultat på ett samband mellan det transformativa ledaregenskaper och arbetsengagemang vilket konfirmerar tidigare forskning. Respondenterna uppfattade mjuka värden som att vara glad, ödmjuk, ha positiv energi och förmågan att vara personlig som egenskaper hos gruppchefen de anser sig behöva för att motiveras i arbetet. De beskriver även att stöd, beröm, förtroende och bli behandlad likvärdigt andra medarbetare är attribut som driver arbetsengagemang. Studien är inriktad på ett försäkringsbolag i försäkringsbranschen och är därför inte en beskrivning av branschen i helhet, utan är taget ur en mindre kontext. Studien bidrar till en ökad förståelse för ledarskapets påverkan på arbetsengagemang i en branschspecifik kontext, i det här fallet försäkringsbranschen. Resultatet kan hjälpa chefer att identifiera vilka ledaregenskaper som av anställda anses mest gynnsamma för ökat arbetsengagemang, i en kontext där yttre belöningar inte är övervägande.

This study concerns investigating an industry, i.e. system, which is subject to radical technological changes, and how actors within the system can enhance their innovation processes and manage technological shifts efficiently. The specific context in which these processes are investigated is the compliance departments within the Swedish insurance industry. The Swedish insurance industry constitutes a central pillar in the national economy, which is why the stability of the industry must be ensured. As a result, the insurance industry is subject to various regulations and the scope and amount of regulations have increased since the global financial crisis in 2008. In other words, the regulatory burden has increased while the risks of non-compliance pose a threat to incumbents' competitive position. In order to meet the pressure of increased regulatory burden as well as leverage on the pressure of digitalization, Regulatory Technology (RegTech) has been identified as a key focus area for Swedish insurance companies in enhancing their operational efficiency as well as reduce the risk of non-compliance. Consequently, the purpose of this study is to identify system challenges to adoption of RegTech as well as system enablers which suggest how the related innovation processes can be facilitated. The empirical data in this study consists of ten in-depth interviews with representatives from Swedish insurance companies as well as knowledge providers within RegTech. The study reveals 38 system challenges and 38 system enablers to adoption of RegTech in various dimensions related to market forces, organizational factors and product development aspects, to mention a few. The most commonly raised system challenges are based on that RegTech is related to cost-reduction and thus has limited impact on revenue-generation as well as the fact that the insurance industry is characterized for being conservative and rigid, to name a few. Two examples of commonly mentioned system enablers are increasing regulatory pressure which leads to uneconomical and resource-intensive compliance operations with an increasingly high risk of non-compliance, as well as that younger insurance companies have to deploy RegTech in order to survive in the long run. The results from the study are presented at landscape-, regime- and niche-level according to the theoretical frameworks of Multi-level Perspective of Sociotechnical Systems and Absorptive Capacity in conjunction with a relevant theoretical framework within compliance management, denoted the Efficient-investment-risk model. / Denna studie inkluderar undersökandet av en industri, med andra ord ett system, som genomgår radikala tekniska förändringar samt hur aktörerna inom detta system kan förbättra sina innovationsprocesser och hantera teknikskiften mer effektivt. Det specifika fallet i vilket dessa processer undersöks i är complianceavdelningar hos svenska försäkringsbolag. Den svenska försäkringsbranschen utgör en central pelare i den nationella ekonomin, vilket är anledningen till varför industrins stabilitet behöver värnas. På grund av detta omfattas industrin av en mängd olika regelverk och vidare har omfattningen samt antalet regelverk ökat sedan den globala finanskrisen 2008. Med andra ord har den regulatoriska bördan ökat medan risken av icke-compliance fortsätter att utgöra ett hot mot försäkringsbolagens marknadspositioner. För att möta det ökade regulatoriska trycket och dessutom dra fördel av trycket från digitaliseringsvågen har Regulatory Technology (RegTech) identifieras som ett nyckelområde för svenska försäkringsbolag i deras strategi att förbättra operationell effektivitet samt bibehålla låg risk av non-compliance. Följaktligen är syftet med denna studie att identifiera systemutmaningar inom anammandet av RegTech samt systemmöjliggöranden som kan underlätta innovationsprocesser relaterat till anammandet av RegTech. Den empiriska datan i studien består av tio djupgående intervjuer med representanter från svenska försäkringsbolag samt RegTech-experter som utgörs av bland annat konsultbolag samt teknikföretag. Studien avslöjar 38 systemutmaningar samt 38 systemmöjliggörare relaterat till anammandet av RegTech i en bredd av olika dimensioner så som marknadskrafter, organisatoriska faktorer, produktutveckling m.m. Bland de vanligast identifierade systemutmaningarna presenteras faktumet att RegTech är begränsat till kostnadsreducering och därmed inte har en direkt positiv inverkan på intäktsdrivandet. En annan vanlig systemutmaning är faktumet att försäkringsbranschen är konservativ och stel i dess natur. Ett exempel på systemmöjliggörare å andra sidan är trenden att det regulatoriska trycket ökar, vilket leder till att complianceprocesser behöver effektiviseras för att försäkringsbolag ska kunna bibehålla konkurrenskraft samt att konsekvenserna av non-compliance blir allvarligare. En annan möjliggörande faktor inom systemet är att unga försäkringsbolag är i stort behov av att anamma RegTech för att överleva ekonomiskt i det långa loppet. Studiens resultat är presenterat på landskap, regim samt nichenivå i enlighet med teorin multi-nivåperspektivet av sociotekniska system samt i enlighet med teoriområdet absorptionsförmåga. Utöver detta har även en teori inom compliance management vid namn Effektiv-investering-riskmodellen tillämpats.

Changes and challenges that have occurred in the past two decades have forced a radical shift in the basic foundations of how business is conducted. Internal, as well as external forces have forced organisations to constantly monitor their surrounding environment in order to create an awareness of opportunities and threats to allow them to survive in their competitive environment. Organisations need to gather all the information at their disposal, and turn the raw data into intelligence through a process of analysis and an exercise of human judgement. By utilising the potential offered by information systems in the process of generating intelligence and creating a corporate knowledge base to be used in strategic decision-making will lead to competitive advantage and constant innovation. Strategic Intelligence has information as its foundation. This research proposes that through its ability to absorb sources of information, the synergy of Business Intelligence, Competitive Intelligence, and Knowledge Management combined to form Strategic Intelligence, will allow organisations to incorporate all of their information and intellectual capital into a single database or system which will meet the intelligence requirements of management. The purpose of this study is to identify the current use of Strategic Intelligence in the Long-term Insurance Industry in the South African environment, and through the use of a survey questioned the benefits or problems experienced by executive management who have not yet implemented and used Strategic Intelligence as an input to the Strategic Management process, and identified the perceived value Strategic Intelligence could add in the decision-making process. The research study shows that organisations have not yet fully embraced a model for a cooperative global internal corporate Strategic Intelligence System or Portal that will incorporate all aspects of Strategic Intelligence into a single, easily manageable resource for management’s strategic planning and decision-making process, even though it could enhance their ability to withstand the onslaught of global competitors and expand their business into new markets, protect their local market or identify potential merger or acquisition targets, and increase innovation within the organisations. / Business Management / M. Com. (Business Management