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The Survival and Success of Swedish Mutual Insurers
Uppsala universitet, Ekonomisk-historiska institutionen, Uppsala Centre for Business HIstory.
Södertörn University, School of Social Sciences, Business Studies. Södertörn University, School of Social Sciences, ENTER forum. BI Norwegian Business School, Department of Innovation and Economic Organisation, Center for Business History.
2015 (English)In: Corporate Forms and Organisational Choice in International Insurance / [ed] Robin Pearson & Takau Yoneyama, Oxford: Oxford University Press, 2015, 1, 93-113 p.Chapter in book (Refereed)
Abstract [en]

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 organisations, 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 take-overs that weakened the stock corporations. Mutual insurers not only survived as independent companies but also were a success. 

Place, publisher, year, edition, pages
Oxford: Oxford University Press, 2015, 1. 93-113 p.
National Category
Economics and Business
Research subject
Politics, Economy and the Organization of Society
URN: urn:nbn:se:sh:diva-28749ISBN: 978-0-19-873900-5 (print)OAI: diva2:885592
The Foundation for Baltic and East European StudiesThe Jan Wallander and Tom Hedelius Foundation
Available from: 2015-12-19 Created: 2015-11-16 Last updated: 2015-12-23Bibliographically approved

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