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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/K000926/2
负责人：
Paula Jarzabkowski
金额：
$ 6.3万
依托单位：
City, University of London
依托单位国家：
英国
项目类别：
Research Grant
财政年份：
2013
资助国家：
英国
起止时间：
2013 至无数据
项目状态：
已结题

来源：
https://gtr.ukri.org/projects?ref=ES%2FK000926%2F2
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.

尽管作为再保险买卖的主要金融中心，劳合社有着悠久的成功历史，但伦敦和更广泛的英国市场，现在面临着全球格局变化带来的重大挑战。这些变化包括信息发布方面的技术进步、对透明资本分配的监管要求、来自其他成熟市场的竞争日益激烈、保险和再保险市场的整合以及新兴市场的全球需求（和相关损失）不断增加。因此，许多英国公司不仅在伦敦市场开展全球再保险业务，而且还在其他市场设立子公司，寻求加深对新兴市场的了解，并努力与正在改变再保险购买方式的新兴全球分出人集团建立关系。然而，他们几乎没有框架或基于证据的见解来告知他们全球变化的范围或其对自己商业模式的潜在影响。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制定和实施一项知识交流计划，以支持他们提高竞争力。第二个目标是确保英国的参与者在更广泛的全球再保险市场中领导对这些重要主题的讨论。我们将通过利用Jarzabkowski教授及其研究团队自2009年8月以来收集的丰富定性数据集来实现这些目标，这些数据集与行业合作伙伴保险知识资本计划（IICI）合作，从再保险销售商（再保险公司）及其中介机构（经纪公司）的角度研究全球再保险行业的再保险交易实践。2011年，在IICI的支持下，这项研究扩大到再保险购买者（保险公司）。这导致了一个独特的全球数据集，其中包括对劳合社、百慕大和欧洲大陆主要再保险市场的21家再保险公司和3家经纪公司以及17个国家的33家分保公司的414次采访和738次再保险交易观察，涵盖了一系列成熟的再保险市场。（如美国、澳大利亚、西欧和北方）和新兴市场（如中欧和东欧、俄罗斯和印度）。我们将使用整个全球数据集为再保险公司、经纪人和分出人开发特定的细分和诊断分析，以告知英国行业参与者他们在全球行业中的地位。然后，这些分析将通过一系列的十个大师班转化为英国行业可访问的知识输出，其中七个是针对一个关键的行业参与者-保险公司，再保险公司和经纪人-三个提供了对整个行业关注的关键主题的综合观点。每个大师班将包括i）一个10-12页的实际案例文件，具有特定的框架; ii）一个互动的行业研讨会，以合作方式将材料发展成为实用和应用的资源; iii）为行业参与者量身定制的练习;以及iv）一个20分钟的播客，配有幻灯片，以配合案例和练习。这些资源随后将在专门的网站上发布，使全球更广泛的受众可以免费和永久地访问这些资源，并促进行业的培训和发展。总的来说，这些大师班形成了一个综合系列，解决了英国（再）保险业在当前全球环境中面临的一些主要挑战，并将为从业者提供一套工具和资源来应对这些挑战。影响摘要中概述的互动式传播格式将鼓励对这些关键问题的思考和辩论，并使英国行业从业者能够站在全球行业变革的最前沿。