|Budget Amount *help
¥2,000,000 (Direct Cost: ¥2,000,000)
Fiscal Year 2002: ¥800,000 (Direct Cost: ¥800,000)
Fiscal Year 2001: ¥1,200,000 (Direct Cost: ¥1,200,000)
Since 1996 in Japan, the increasing competition in insurance industry owing to the deregulation of Insurance System and the continuing economic depression, brought about 7 life insurers and 2 non-life insurers failures. As the result, besides the saturation of the insurance demand, both the volumes of new business and business in force through the increasing distrust to these insurance industries have decreased, and moreover the extraordinary fall in the stock market price and interest rate are now prevailing. Therefore, at present Japanese insurance industry is facing many severe conditions that have never experienced.
It is always said that the business slump or failure in insurance enterprise, in many cases, is the result of the unskillful or missing investment behavior of the management. However, except for bad management itself, these insurance business risks consequent upon that kind of slump could not be exactly grasped without examining the adaptation-behavior to the changing nature of business environments. Those findings that we could verify, are the large mismatch between their insurance operations and investment operations, namely the excessive adaptation-behavior to the changing business environments.
After examining these factors, our approach is to analyze the US insurer's creative management behaviors, particularly timely & adequate adaptation-behaviors to the changing business environments. More specifically, in the context of the development of IT technology, the changing nature of demographic factors and the increasing nature of competition, we confirmed the details of product-creative behaviors and investment-creative behaviors. Those findings here will be useful to the business practices for Japanese insurance sector in the future, we are firmly convinced.