The Europeans start playing ugly

Article Abstract:

Insurance companies in Europe are acquiring rivals across the continent and in the US in a frantic effort to increase their size. The consolidation trend is being driven by the underwriters' desire to boost their margins and market share, coupled with the introduction of the euro as EU's single currency in Jan 1999 and the deregulation of the market. Some of the notable deals include Commercial Union of London's acquisition of General Accident, Allianz's purchase of Assurances Generales de France and Fortis' merger with American Bankers Insurance.

Acquisitions & Mergers Analysis, Analysis, Europe, Mergers, acquisitions and divestments, Acquisitions and mergers, Financial analysis

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The complete picture

Article Abstract:

Analytic programs, such as SAS' CFO Vision, Hyperion's Essbase and i2 Technology's Rhythm Reporter, are changing the way executives strategize. Unlike past executive information system tools that function like old-fashioned slide projectors, analytic programs present data in an interactive, real-time motion picture manner. They enable executives to access, integrate and reorganize live data from various sources. They can also generate models that can illustrate how alternative scenarios can affect business.

Prepackaged software, Computer Software, Software Publishers, Usage, Computer software industry, Software industry, Software, Product information, Executive Information Systems

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Too awash in capital

Article Abstract:

Insurers are setting aside too much money to cover claims that the entire industry has become overcapitalized. According to a study by Chicago, IL-based management consulting firm A.T. Kearney, the ratio of loss reserves to premiums in the insurance industry has more than doubled since the 1970s, resulting in an estimated $360 billion in excess funds. The findings come at a time when insurance companies are proposing to increase rates due to underwriting losses allegedly caused by a soft market.

Management Consulting Services, Business & Mgmt Consulting, Research, Finance, Business consultants, Management consultants, Consulting services, A.T. Kearney Inc.

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