Akcije

Management - časopis za teoriju i praksu menadžmenta
kako citirati ovaj članak
podeli ovaj članak
Direktan link

Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:0
  • preuzimanja u poslednjih 30 dana:0

Sadržaj

članak: 10 od 31  
Back povratak na rezultate
Innovations of insurance companies and investment funds
(naslov ne postoji na srpskom)
Njegomir Vladimira ORCID, Demko Rihter Jelenab ORCID
aUniverzitet Union, Fakultet za pravne i poslovne studije 'dr Lazar Vrkatić', Novi Sad, Srbija
bUniverzitet u Novom Sadu, Fakultet tehničkih nauka, Srbija

e-adresa: vnjegomir@eunet.rs, jelena.ciric.ns@gmail.com
Sažetak
(ne postoji na srpskom)
The aim of this paper is to review the recent progress in innovation activities of investment funds and insurance companies. The paper reviews the main innovation trends globally, their causes and consequences. The research has identified that innovations of insurance companies and investment funds are predominantly incremental and focused on products although they usually refer also to processes, marketing and overall organisation. In investment fund industry, the main innovations recently have been credit swap defaults (CDS), Exchange Traded Funds (ETF), hedge funds, social impact bonds and other innovative products. In insurance industry, in addition to incremental innovations such as amendments to contracts terms and conditions, recent innovations encompass microinsurance, enterprise risk management, e-business applications, bancassurance, index insurance and alternative risk transfer. By summarizing the current state of knowledge of innovation activities among insurance companies and investment funds, the paper can be useful for domestic investment funds and insurance companies to identify possible areas for innovation as well as for government bodies to understand why fostering creation of innovation-friendly environment will bring benefits not only to financial services industry but to the society as a whole. Finally, the results presented in the paper are a good starting point for future research.
Reference

*** (2005) Oslo Manual, The Measurement of Scientific and Technological Activities: Proposed Guideliness for Collecting and Interpreting Technological Innovation Data (Oslo Manual). Paris: Organisation for Economic Co-operation and Development

1

Abernathy, W.J., Utterback, J.M. (1978) Patterns of industrial innovation. Technical Review, 80(7), 40-47

Allen, F., Yago, G. (2010) Financing the future: Market-based innovations for growth. Upper Saddle River: Pearson Education, Inc

Bolay, J.C., Schmid, M., Tejada, G., Hazboun, E. (2012) Technologies and Innovations for Development. Paris: Springer

1

Brown, W. (2009) Microinsurance: The risks, perils and opportunities. u: Hulme D., Arun T. [ur.] Microfinance: A reader, Oxon: Routlege

Chandra, V., Erocal, D., Padoan, P.C., Braga, C.A.P., ur. (2009) Innovation and growth: Chasing a moving frontier. OECD - the International Bank for Reconstruction and Development - The World Bank

Chou, Y.K., Chin, M.S. (2004) Financial innovations and technological innovations as twin engines of economic growth. Melbourne

Ćirić, J., Njegomir, V. (2011) The supportive role of investment funds and insurance companies to entrepreneurship and innovations. u: Paper presented at the International Conference for Entrepreneurship, Innovation and Regional Development (ICEIRD), Skopje

11

Drucker, P.F. (1973) Management: Tasks, Responsibilities, Practices. HarperCollins

Dutta, A., Sengupta, P.P. (2010) Impact of technological innovation on efficiency: An empirical study of Indian life insurance industry. u: Paper presented at International Conference on Education and Management Technology, doi 10.1109/ICEMT.2010.5657608

En, R., i dr. (2008) Natural Catastrophes and man-made disasters in 2007: High losses in Europe. Sigma, No 1

Garth, D. (2011) The insurance tipping point: Innovation and transformation. Journal of Insurance Operations, Retrieved from http://www.jiops.com

Greenhalgh, C., Rogers, M. (2010) Innovation, intellectual property, and economic growth. Princeton - Oxford: Princeton University Press

Hellmuth, M.E., Osgood, D.E., Hess, U., Moorhead, A., Bhojwani, H., ur. (2009) Index insurance and climate risk: Prospects for development and disaster management. New York: Columbia University-International Research Institute for Climate and Society

Juma, C., Yee-Cheong, L. (2005) Innovation: Applying knowledge in development. u: UN Millennium Project Task Force on Science, Technology, and Innovation

Knight, G.A., Cavusgil, S.T. (2004) Innovation, organizational capabilities, and the born-global firm. Journal of International Business Studies, 35(2): 124-141

Lado, N., Maydeu-Olivares, A. (2001) Exploring the link between market orientation and innovation in the European and US insurance markets. International Marketing Review, 18(2): 130-145

Lee, Y.J., Wang, G.L., Chang, L.Y. (2011) The influence of intellectual capital and marketing innova-tion strategies upon marketing performance: Taking Taiwan-listed life insurance firms as an example. African Journal of Business Management, 5(22): 9240-9248

Lehmann, H., Zweifel, P. (2004) Innovation and risk selection in deregulated social health insurance. Journal of Health Economics, 23(5): 997-1012

Marklund, G., Vonortas, N.S., Wessner, C.W., ur. (2009) The innovation imperative: National innovation strategies in the global economy. Cheltenham - Northampton: Edward Elgar

NatCat Service (2007) Geo risks research. Munich: Munich Re, http://www.munichre.com/en/ts/geo_risks/natcatservice/default.aspx

1

Nonaka, I., Takeuchi, H. (1995) The Knowledge Creating Company: How Japanese Companies Create the Dynamics of Innovation. New York, NY: Oxford University Press

3

Njegomir, V., Maksimović, R. (2009) Risk transfer solutions for the insurance industry. Ekonomski anali, vol. 54, br. 180, str. 57-90

2

Njegomir, V. (2006) Osiguranje života - marketing aspekti i specifičnosti. Marketing, vol. 37, br. 1, str. 29-34

2

Njegomir, V. (2007) Minimiziranje rizika osiguravajućih društava. Industrija, vol. 35, br. 3, str. 83-102

3

Njegomir, V. (2007) Kanali distribucije usluga osiguranja i reosiguranja. Marketing, vol. 38, br. 1-2, str. 47-53

8

Njegomir, V. (2008) Uloga tržišta kapitala u upravljanju rizikom osiguranja. Industrija, vol. 36, br. 4, str. 95-118

4

Njegomir, V. (2011) Osiguranje. Novi Sad: Ortomedics book

3

Njegomir, V. (2011) Mikroosiguranje. Industrija, 39(3): 295-314

1

Njegomir, V. (2011) Tržište osiguranja i uloga države - stanje i perspektive finansiranja katastrofa. Finansije, vol. 66, br. 1-6, str. 256-288

Pain, D. (2011) Product innovation in non-life insurance markets: Where little i meets big I. Sigma, Zurich, br. 4

Palmer, A. (2012) Playing with fire. Retrieved April 15, 2012 from http://www.economist.com/node/21547999

Pearson, R. (1997) Towards an Historical Model of Services Innovation: The Case of the Insurance Industry, 1700-1914. Economic History Review, 50(2): 235-256

Rajan, A. (2011) Investment innovation: Raising the bar: CREATE research

13

Rejda, G.E. (2005) Principles of risk management and insurance. Reading, MA, itd: Addison-Wesley

25

Schumpeter, J.A. (1934) The theory of economic development. Cambridge, MA, itd: Harvard University Press

Skees, J.R. (2008) Innovations in Index Insurance for the Poor in Lower Income Countries. Agricultural and Resource Economics Review, 37(1): 1-15

Tkac, P. (2007) Mutual fund innovation: Past and future. Federal Reserve Bank of Atlanta
   

O članku

jezik rada: engleski
vrsta rada: neklasifikovan
objavljen u SCIndeksu: 20.11.2013.

Povezani članci

Nema povezanih članaka