Instituer l’incohérence. Aléa et hétérogénéité au sein du secteur assuranciel

François, Pierre; Frezal, Sylvestre

doi:10.4000/sdt.1718

Cited by 7 publications

(3 citation statements)

References 38 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The first concerns the question of whether, how and for whom the new practices of financial risk management contribute to increased financial security; explicit quantification of “non‐diversifiable” risk, for instance, may give insurers a false sense of security by suggesting financial risk can be “controlled” and eradicated (cf. Besedovsky, 2018; François & Frezal, 2018). The second concerns the (increasingly prominent) role of life insurers in the UK’s retirement income system.…”

Section: Resultsmentioning

confidence: 99%

“…Combined, market‐consistent valuation and risk‐based capital calculation form the basis of a calculative practice, which seeks explicitly to quantify not just diversifiable “insurance” risk but also “non‐diversifiable”—but partly “hedgeable”—financial risk (François & Frezal, 2018). By formalising financial uncertainty and explicitly quantifying the cost of the shareholder capital required to reserve for future scenarios, the emergence of this calculative practice contributed to the bipolarisation of financial uncertainty, which is reflected in the decline (and perhaps even demise) of with‐profits insurance and the significant expansion of unit‐linked business.…”

Section: Reckoning With Financial Riskmentioning

confidence: 99%

See 1 more Smart Citation

Making financial uncertainty count: Unit‐linked insurance, investment and the individualisation of financial risk in British life insurance

Heide

2020

British Journal of Sociology

View full text Add to dashboard Cite

While most scholarship in the sociology of insurance has focused on the making of insurance risk by investigating mechanisms of pooling and spreading, this article examines insurers’ management of financial uncertainty. Based on a large corpus of written sources and 44 semi‐structured oral history interviews, this article seeks to describe and explain a shift in how financial uncertainty is dealt with in British life insurance, away from traditional multipolar arrangements revolving around actuarial prudence and discretion, towards bipolar arrangements that rely on explicit risk quantification and the logic of risk‐based capital to “individualise” financial risk. The article identifies two factors that were key in bringing about this shift: first, the competitive dynamics that unfolded with the emergence of challenger “unit‐linked” insurers in the 1960s, and, second, changes in the professional ecology, as manifested by the changing relations between the actuarial profession and insurance supervisors.

show abstract

Section: Resultsmentioning

confidence: 99%

Section: Reckoning With Financial Riskmentioning

confidence: 99%

Making financial uncertainty count: Unit‐linked insurance, investment and the individualisation of financial risk in British life insurance

Heide

2020

British Journal of Sociology

View full text Add to dashboard Cite

show abstract

“…However, this openness is countered by the persistent idiosyncrasies of national regulations, creating complexities within insurance distribution models and their underlying supply chains (Moreno et al, 2022). Efforts toward standardization, exemplified by initiatives from the European Insurance and Occupational Pensions Authority (EIOPA, 2021(EIOPA, , 2020 and Law 7/2019 (Belzuz, 2019), were unable to succeed (François and Frezal, 2018).…”

Section: Introductionmentioning

confidence: 99%

A comparative analysis of supply chain management between Portugal and Ireland

Dominique-Ferreira,

Brophy,

Prentice

2024

EJMBE

View full text Add to dashboard Cite

PurposeThis study investigates how insurance intermediaries in Portugal and Ireland evaluate supply chain management (SCM) practices within the insurance industry, specifically focusing on potential regional variations in their assessments.Design/methodology/approachA comparative research design was employed, collecting data through surveys administered to insurance brokers in Portugal and Ireland. These countries were chosen due to their well-developed intermediary-based insurance markets.FindingsThe results show that some dimensions of supply chain management are significantly different between Portugal and Ireland. Nevertheless, the insurance brokers from the two countries also share similar views on key aspects of supply chain management.Practical implicationsThis study offers valuable insights for insurance industry management, particularly regarding the dynamics of the insurer-intermediary relationship and the importance of catering to intermediary needs. The findings also highlight potential areas for European Union policy consideration, such as addressing potential asymmetries within the insurance sector across member states.Social implicationsImproved relationships and collaboration within the insurance supply chain can lead to enhanced access to insurance products and more tailored services for consumers.Originality/valueThis research addresses two key gaps in the literature. Firstly, it examines the insurer-intermediary relationship from the intermediary perspective, a viewpoint often neglected in prior research. Secondly, the study investigates and confirms the existence of regional variations in insurance SCM practices across two European countries.

show abstract

Solvency II, the European Government of Insurance Industry and Private Health Insurance

Benoît

2020

Private Health Insurance and the European Union

View full text Add to dashboard Cite

Instituer l’incohérence. Aléa et hétérogénéité au sein du secteur assuranciel

Cited by 7 publications

References 38 publications

Making financial uncertainty count: Unit‐linked insurance, investment and the individualisation of financial risk in British life insurance

Making financial uncertainty count: Unit‐linked insurance, investment and the individualisation of financial risk in British life insurance

A comparative analysis of supply chain management between Portugal and Ireland

Solvency II, the European Government of Insurance Industry and Private Health Insurance

Contact Info

Product

Resources

About