Charting New Territory: Positioning the UK (Lloyd's) in a changing global reinsurance landscape

绘制新领域：在不断变化的全球再保险格局中定位英国（劳合社）

基本信息

批准号：
ES/K000926/1
负责人：
Paula Jarzabkowski
金额：
$ 14.32万
依托单位：
Aston University
依托单位国家：
英国
项目类别：
Research Grant
财政年份：
2012
资助国家：
英国
起止时间：
2012 至无数据
项目状态：
已结题

来源：
https://gtr.ukri.org/projects?ref=ES%2FK000926%2F1
关键词：
Charting New Territory Positioning UK

项目摘要

Despite a long history of success as a main financial centre for buying and selling reinsurance, Lloyd's of London and the UK market more broadly, now faces major challenges arising from changes in the global landscape. These changes include technological advances in information distribution, regulatory demands for transparent capital allocation, growing competition from other mature markets, consolidation in the insurance and reinsurance markets and increasing global demand (and associated losses) from emerging markets. As a result, many UK companies are not only accessing global reinsurance business in the London market but also establishing subsidiaries in other markets, seeking to develop their understanding of emerging markets, and striving to develop relationships with an emerging group of global cedents that are changing the way that reinsurance is bought. However, they have few frameworks or evidence-based insights to inform them about the scope of global change or its potential implications for their own business models. The primary aim of this project is to co-produce and implement a knowledge exchange programme with UK insurers, reinsurers and brokers that will support them in developing greater competitiveness. A secondary aim is to ensure that UK-based players lead discussion of these important topics in the wider global reinsurance market. We will meet these aims by exploiting a rich qualitative data set that has been collected by Professor Jarzabkowski and her research team since August 2009, in collaboration with an industry partner, the Insurance Intellectual Capital Initiative (IICI), on the reinsurance trading practices of the global reinsurance industry from the perspective of reinsurance sellers (reinsurance firms) and their intermediaries (broker firms). In 2011, this study was expanded, with support from the IICI, to also cover reinsurance buyers (insurance firms). This has resulted in a unique global data set of 414 interviews and 738 observations of reinsurance trading in 21 reinsurers and 3 broking firms in the main reinsurance placement markets of Lloyd's, Bermuda and Continental Europe), and 33 cedents in 17 countries, covering a range of mature (e.g. USA, Australia, Western and Northern Europe) and emerging markets (e.g. Central and Eastern Europe, Russia and India). We will use the entire global data set to develop specific segmentation and diagnostic analyses for reinsurers, brokers and cedents that will inform UK industry participants about their own positions in the global industry. These analyses will then be transformed into accessible knowledge outputs for the UK industry through a series of ten Masterclasses, of which seven are tailored to one of the key industry participants - insurers, reinsurers and brokers - and three offer integrative perspectives on key topics of concern for the whole industry.Each Masterclass will comprise i) a practical case paper of 10-12 pages with specific frameworks; ii) an interactive industry workshop to develop the material collaboratively into a practical and applied resource; iii) tailored exercises for industry participants; and iv) a 20-minute podcast with slides to accompany the case and exercises. These resources will then be published on a dedicated website to make them freely and permanently accessible to broader, global audiences and foster training and development in the industry. Taken together, these Masterclasses form an integrated series that addresses a number of the main challenges facing the UK (re)insurance industry in the current global environment and will equip practitioners with a suite of tools and resources to tackle these challenges. The interactive format for their dissemination, outlined in the Impact Summary, will encourage reflection and debate on these key issues and enable UK industry practitioners to stay at the forefront of changes in the global industry.

尽管作为购买和销售再保险的主要金融中心的成功历史悠久，但伦敦的劳埃德和英国市场更广泛，现在面临着全球景观变化带来的重大挑战。这些变化包括信息分布的技术进步，透明资本分配的监管需求，其他成熟市场的竞争日益增长，保险和再保险市场的巩固以及增加新兴市场的全球需求（以及相关损失）。结果，许多英国公司不仅在伦敦市场上获得全球再保险业务，而且还在其他市场中建立子公司，试图发展他们对新兴市场的理解，并努力与新兴的全球cedents建立关系，这些全球割让人正在改变重新保险的购买方式。但是，他们几乎没有框架或基于证据的见解，可以将全球变化范围或其对自己的业务模式的潜在影响告知他们。该项目的主要目的是与英国保险公司，再保险公司和经纪人共同生产和实施知识交流计划，以支持他们发展更大的竞争力。第二个目标是确保英国的玩家在全球再保险市场中对这些重要主题进行讨论。 We will meet these aims by exploiting a rich qualitative data set that has been collected by Professor Jarzabkowski and her research team since August 2009, in collaboration with an industry partner, the Insurance Intellectual Capital Initiative (IICI), on the reinsurance trading practices of the global reinsurance industry from the perspective of reinsurance sellers (reinsurance firms) and their intermediaries (broker firms). 2011年，这项研究在IICI的支持下扩展了，还涵盖了再保险买家（保险公司）。这导致了一项独特的全球数据集，其中包括414次访谈和738次观察到在21个再保险公司和3家经纪公司的再保险公司，在劳埃德（Lloyd），百慕大和欧洲大陆的主要再保险位置市场中），以及17个国家 /地区的33个centents，涵盖了成熟的范围（例如，澳大利亚，欧洲，欧洲），以及欧洲，欧洲和北部欧洲（E.俄罗斯和印度）。我们将使用整个全球数据集为再保险公司，经纪人和秘密人开发特定的细分和诊断分析，以告知英国行业参与者自己在全球行业中的立场。然后，这些分析将通过一系列的十个大师班将其转变为英国行业的可访问知识产出，其中7个是针对关键行业参与者之一（保险公司，再保险人和经纪人）量身定制的，而三个则提供了对整个行业关注的关键主题的综合视角。全部行业的关注点。每个行业的大师级都将构成10-12-12页的实用案例论文，其中包括特定框架的实用案例; ii）互动行业研讨会，将材料合作开发为实用和应用的资源； iii）针对行业参与者量身定制的练习；和iv）一个20分钟的播客，带幻灯片以伴随案例和练习。然后，这些资源将在专用网站上发布，以使其可以自由，永久地访问更广泛的全球受众，并促进行业的培训和发展。综上所述，这些大师班组成了一个综合系列，该系列赛旨在解决当前全球环境中英国保险业面临的许多主要挑战，并将为从业人员提供一套工具和资源来应对这些挑战。在影响摘要中概述的传播的互动格式将鼓励对这些关键问题进行反思和辩论，并使英国行业从业人员能够保持全球行业变化的最前沿。