New Evidence in the Definition of Strategy for Global Insurers

Rafael Hernandez Barros (), Javier Vidal-Garcia (), Marta Vidal () and María Isabel Martínez Torre-Enciso ()
Additional contact information
Rafael Hernandez Barros: Universidad Complutense de Madrid
Javier Vidal-Garcia: Universidad de Valladolid
Marta Vidal: Universidad Complutense de Madrid
María Isabel Martínez Torre-Enciso: Universidad Autónoma de Madrid

Economics Bulletin, 2016, vol. 36, issue 3, 1829-1843

Abstract: The article shows how multinational corporations in insurance compete in the risky and complex global arena after the financial crisis, providing a conceptual model linking key cross-border operational drivers to international strategies; drawn largely from public data and qualitative interviews made to managers with involvement in the strategy of insurers throughout Asia, Europe, Latin America and USA. The existing literature justifies the different international strategies of multinational insurance companies on external factors in the creation of value, which are somewhat away from the reality of their decision-making processes. This research leads us to focus the formulation of the strategy on more concrete business drivers, with the specific goal of generating cash-flows and create shareholder wealth. It concludes that, by following the framework described, managers can rethink where to compete globally, and scientists can add conceptually to the current body of knowledge in insurance through new research on corporate strategy.

Keywords: global strategy; insurance industry; value creation (search for similar items in EconPapers)
JEL-codes: F2 G2 (search for similar items in EconPapers)
Date: 2016-09-29
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I3-P179.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-15-00735

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().