This thesis investigates the competitive dynamics in the global insurance industry from 1999 to 2008. After reviewing the current state of the academic debate on interfirm rivalry, it derives a research agenda spanning different levels of analysis and phenomena of interest. Specifically, the thesis explores (1) how and why firms continuously adjust their strategic profiles in the presence of an industry's strategic group structure, (2) whether market shocks (namely 9/11 and Hurricane Katrina) temporarily change the decision-logic underlying competitive choices, and (3) whether stock markets respond differently to competitive moves that follow a clearly stated strategic rationale.​

Die vorliegende Dissertation besteht aus drei empirischen Studien, welche zur akademischen Diskussion über dynamisches Wettbewerbsverhalten ("Competitive Dynamics Research") beitragen. Die erste Studie entwickelt und testet eine verhaltensorientierte Theorie wie sich Firmen innerhalb von Strategischen Gruppen über die Zeit hinweg umpositionieren. Die zweite Studie ergänzt frühere Bemühungen um eine aktivitätsbasierte Theorie des Wettbewerbsverhaltens, indem sie aufzeigt, wie disruptive Marktereignisse das Wettbewerbsverhalten in kompetitiven Märkten beeinflussen. Die dritte Studie verdeutlicht im Kontext von Desinvestitionen, dass Kapitalmärkte konzertierte Abfolgen von Wettbewerbszügen bevorzugen.

Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.

In recent years, the structure of the reinsurance industry has evolved rapidly in response to, among other factors, changes in the nature of risks to be insured (e.g., climate related risks), technological innovations (e.g., Cat models), the globalization of the financial services industry, and the concentration of the primary insurance industry. Drawing on a global qualitative dataset of interviews and observations in all the main reinsurance markets, this article provides an overview of the changing dynamics in the reinsurance industry and highlights some of the implications of these changes for reinsurers. We first provide a general overview of the changing structure of the reinsurance industry, highlighting its increasingly competitive nature and why these changes might exert pressure on reinsurer's profits. Second, we focus on consolidation in the primary industry as a central industry dynamic. Third, we show how this impacts the types of reinsurance products cedents want from the reinsurance industry. Finally, we outline some implications of this for reinsurers, identifying matters of both strategic and operational concern for them.

This study aims to investigate the use of classic strategic management models for the competition analysis of the Greek insurance industry. In this direction, the application of the macro-environment analysis model, the industry life cycle model and the Porter's five forces model is concisely described. Special focus is put on the application of the strategic group mapping model, in order to examine the comparative positions of rival firms. The aforementioned models are applied to the Greek insurance industry for the decade 2004-2013 and conjointly reveal the factors that force and transform the competition environment. Results demonstrate that an analyst using classic strategic models can monitor the competitive dynamics and identify opportunities and risks for the Greek insurance companies.

"This book focuses on the global landscape in which insurance is transacted, and where it is evolving, driven from within by transformative technologies and externally by the necessity to address risks like climate change and health crises, such as the COVID-19 pandemic. It discusses the dynamic challenges and opportunities that lie ahead for the industry in areas such as on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, the rise of fintech, the cyber risk landscape and through initiatives driven by distributed ledger technology or blockchain solutions. Moreover, it covers the major external challenges confronting the global insurance market, such as the growing insurance protection gap in relation to the affordability and insurability of natural catastrophes and climate change, and pandemics like COVID-19. This book examines innovations in insurance driven by the industry as well as externally imposed changes and dynamics impacting the industry. It describes these changes, the industry's responses and the legal framework in which they occur. It canvasses additional regulatory and law reform initiatives that may be necessary to achieve an effective balance between the various competing interests. The book is the first to address these matters holistically with a particular focus upon insurance law, it will describe these changes and industry responses and the legal framework in which they occur. The Global Insurance Market will be directly relevant to legal professionals, insurers, insurtechs, fintechs, brokers, CEOs of insurance companies, risk managers, legal counsel, academics, researchers, the judiciary, and policy makers. It will also serve as a valuable resource for students of all levels"--