Jump to ContentJump to Main Navigation
Corporate Forms and Organizational Choice in International Insurance$
Users without a subscription are not able to see the full content.

Robin Pearson and Takau Yoneyama

Print publication date: 2015

Print ISBN-13: 9780198739005

Published to Oxford Scholarship Online: December 2015

DOI: 10.1093/acprof:oso/9780198739005.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 24 June 2019

The Survival and Success of Swedish Mutual Insurers

The Survival and Success of Swedish Mutual Insurers

Chapter:
(p.93) 5 The Survival and Success of Swedish Mutual Insurers
Source:
Corporate Forms and Organizational Choice in International Insurance
Author(s):

Mats Larsson

Mikael Lönnborg

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198739005.003.0005

This study demonstrates that the presence of diversified corporate forms within the insurance industry does not always lead to the dominance of what is, according to theory, the most efficient business form, the joint-stock corporation. Swedish mutual insurance companies have often been connected to various popular movements and have thus obtained quasi-monopoly rights for writing certain kinds of insurance. This has been important as a means of obtaining economies of scale and creating efficient organizations, and has allowed them to compete with their joint-stock rivals. Mutuals have also remained important players in the insurance market by keeping policyholders’ interests in focus through creative product diversification and by expanding nationally to reach customers outside of their original base. Mutuality also protected them against hostile takeovers that weakened the stock corporations. Mutual insurers not only survived as independent companies but also were a success.

Keywords:   Sweden, mutual insurance, insurance structure, legislation, corporate governance, competition, collusion, deregulation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .