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Risk management in the UK insurance industry: the changing state of practice

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Author Info

  • Kevin Dowd
  • David L. Bartlett
  • Mark Chaplin
  • Patrick Kelliher
  • Chris O'Brien

Abstract

This paper reviews a number of recent surveys relevant to risk management by UK insurers. These include the results of four surveys specifically on UK insurers. Our findings suggest that the risk management practices of UK insurers are variable, generally behind best practices in adjacent sectors, and in some cases are a cause of concern. However, we also find that they have been improving significantly.

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Bibliographic Info

Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Financial Services Management.

Volume (Year): 3 (2008)
Issue (Month): 1 ()
Pages: 5-23

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Handle: RePEc:ids:ijfsmg:v:3:y:2008:i:1:p:5-23

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Web page: http://www.inderscience.com/browse/index.php?journalID=76

Related research

Keywords: best practice; credit risk; financial services authority; UK insurance industry; market risk; risk management; Strachan letter; United Kingdom.;

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