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Utgave:
2 / 1993 |
Kategori:
Annet |
Forfatter:
Lennart Jonasson
The goal and fundamental stand-point is that insurance
companies are in business to make a profit. Insurance
companies and their customers constitute an important
part of the financial market that amounts to a cornerstone
in the functioning economy of Sweden. The gains
of the companies are for the benefit of the stockholders,
policyholders, or both. The services of the companies
are also essential to the stability and growth of the
economy1 and the individual company must follow its
obligations to the public in order to continue as a
private enterprise. The responsibility of the insurers
towards the insured is thus not only a matter of liability
according to current insurances
policies but also a required social service.
The profit rates in Swedish casualty insurance were moderate during the
entire 1980’s despite the dominating marketshares for the domestic companies.
The low profitability has partly historic reasons. They were all mutually owned
companies and any surplus went back to the insured. The old barriers for
protection have been abolished and most casualty insurers have become
stockcompanies with the clear motive of making profit. The demands of
efficiency and profitability have increased with the change of climate of
business.