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The road to privatisation

Utgåva: 2 / 1997 | Kategori: EU och internationell försäkring | Författare: Lars Nilsson

These are my points and observations that are discussed and, hopefully, substantiated in this paper: • Private and government sectors are gradually converging in practices and management. • Risk awareness is likely to be an area that generally needs to be improved both in the government sector and in the private sector. • A holistic management approach to risk is something to be advocated both in the government sector and in the private sector. • Administrative, financial and economic control of risk is likely to need more attention than pure technical aspects when treading the road of privatisation. • Risk financing programs must be quick and easy to implement in existing and former government agencies. • The captive concept is as valid in the government sector as in the private sector as a sophisticated tool for risk management. • The spin-offs of a captive may not be so attractive in the government sector as in the private sector. • A concept for introduction must perhaps be even better prepared in the professionally investigative and scrutinizing environment of the government sector. • The security and reinsurance aspects could be quite different in a government risk financing framework compared with a conventional captive. • Agencies should in my experience be expected to be quite keen on receiving and adopting risk management practices.