StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Risk management in Aviva - Essay Example

Comments (0) Cite this document
Summary
Today, the entire world economy is facing a tremendous growth in every aspect of life. It can be interpreted as an effect of globalisation which can be termed as broadening of the ideas, innovation, relationship among the different countries of the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Risk management in Aviva
Read TextPreview

Extract of sample "Risk management in Aviva"

Download file to see previous pages Introduction The current state of this society is an effect of outcome of the long term process. Today, the entire world economy is facing a tremendous growth in every aspect of life. It can be interpreted as an effect of globalisation which can be termed as broadening of the ideas, innovation, relationship and other types of activities among the different countries of the world. Many scholars believe that globalisation is the primary reason behind these. Moreover, they also consider that international trade and business and technological developments are the most importance and crucial effect of globalisation. In fact, the growth of international trade and business and technological advancement are two primary sources of globalisation. In case of international trade, the countries form different parts get opportunities to enter into a new arena of business. In this process, the international traders come into the contact of new experiences like cross cultural diversities, better opportunities, and different market exposures etc. Due to effect of globalisation, the nature of trade and business has changed significantly as its importance for inter-dependency has been urged for the development of society. The term, international trade denotes to the commercial transaction between or/among countries that involves transfer of product, wealth, money, services, technology, resources etc. Due to emergence of international trade and business, the world economies have experienced a missive growth. However, with this rapid development, the multinational companies are also being exposed to multiple types of risks. Therefore, in effect, the structure and nature of business and its strategies have been changed to cope up with these risks making the entire process complex (Daniels et al, 2010, p.7). This paper will attempt to analyse the implications of multiple types of risks faced by a multinational organisations. In order to meet this objective, the primary focus of this paper will be on Aviva, a global insurance company. As this company is present in many world economies, it is exposed to a number or risks like political risks, financial risks like interest fluctuations, foreign currency fluctuations, market risks etc. This paper will also include appropriate strategies for diversifying such risks in respect of Aviva’s global insurance business. 2. Brief Description about the Company: Aviva Aviva is one of the most popular global insurance companies in the global financial service market. It is basically an UK-based company and the sixth largest insurance company in the world and the biggest in the UK market (Aviva-a, 2011). The major market for Aviva includes the broad regions like Europe, North America and Asia Pacific market covering more the 28 countries. For its international business management, the company primarily focuses on the three core strategies. Firstly, the company aims to heighten and enhance its focus on geographical segmented market. Secondly, it is tries to increase its consumer’s value by offering the best combination of general and life insurance. Thirdly, Aviva is also trying to strengthen its core competencies that have enabled it to be one of the market leaders in global context. The company has gained a high expertise in technical excellence, effective operational, financial discipline and marketing related activities like promotional, distribution etc (Aviva-b, 2011). The company has acquired a large base of consumers in the global market and it service nearly 53.4 million of consumer by offering value-created product with its 45000 employees worldwide. The primary products of Aviva mainly include the life ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk management in Aviva Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/management/1419024-risk-management-in-aviva
(Risk Management in Aviva Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/management/1419024-risk-management-in-aviva.
“Risk Management in Aviva Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/management/1419024-risk-management-in-aviva.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk management in Aviva

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

Customer Relationship Management

 Consumers started looking for variety and lower prices. Through the use of technology, such customer tradeoff against variety and prices is not necessary. The US life insurance industry is large, mature and dominated by a number of large companies and this industry has been one of the early adopters of computer technology (Subramanian & Chatterjee, 2007). The advent of the CRM systems changed the landscape of the insurance industry.

The health insurance organizations use CRM to prepare health proposals and process applications in a much faster and accurate way. The organizations are better able to understand the needs and habits of the customer and provide more efficient service. Companies are able to integrat...
9 Pages(2250 words)Case Study

Diversity Management in Organisations

...Managing Diversity in Workforce Contents Introduction 2. Diversity Management: Challenges and Benefits 2 3. Managing Diversity 3 3 Significance of Involvement culture 3 3.2 Impact of Organizational Ethnicity on diversity 4 4. Best Practices to Manage Diversity 4 5. Conclusion 5 6. Bibliography 6 1. Introduction “Diversity” characterizes the massive amount of individual divergences that subsists amid persons. Workforce diversity is a gathering of the resemblances and discrepancies between workers in such sorts as “age, sexual category, cultural inheritance, physical capability and race.” (POLLITT, David, 2006) As of today, diversity in the place of work is widely acknowledged as an advantage that contributes to a business institution’s base...
6 Pages(1500 words)Case Study

The Relationship Between Security, Risk and Health in a Large Organisation

...The relationship between Security & Risk and Health & Safety in a large organisation "Assess the relationship between Security & Risk and Health & Safety in the context of a large organisation. Are they complimentary or the demands of one conflict with or inhibit the realisation of the other? Identify and discuss the implications of your assessment for the roles of the security manager". 1. Introduction The development of commercial activities worldwide has been extremely rapid; firms operating in various industrial sectors need to confront a series of challenges in order to ensure the limitation of risk related with their strategic initiatives. Within this context, the issues of security, risk, health and safety are very likely to appear...
9 Pages(2250 words)Coursework

Active Directory - Security, User, and Resource Management

Administrators make use of group policies to launch principles for desktop predilections and software. For many corporate information technology groups, concurrence with group policies to identify what software should be presented to each category of user, even without human intervention installing it on demand from a corporate server (Silberschatz, Galvin, & Gagine 2002. P. 838). The capability of the AD was introduced in the year 1999, its initial release was with the MS Windows 2000 Server Ed., additionally personalized to spread out functionality, security parameters and build up administration in MS Win Server 2003. The most recent better facilities and efficient edition of the AD are introduced in the Windows Server 2008...
6 Pages(1500 words)Report

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Management: Social Responsibility and Ethics

When we speak about business management, most people talk about the core business functions like strategies, products, training & development, management of various departments of the business like marketing, production, planning, etc. Social responsibilities and business ethics are the least communicated topics in the business community because of the least preference given to the non-productive sectors by organizations. Most of the greedy organizations spent millions on the research and development for improving their competitive power in the business world, but they often keep a blind eye towards their responsibility towards ensuring proper ethical standards in their business activities. Organizations that underestimate the...
6 Pages(1500 words)Coursework

Information Security Management

Security is a group of activities that include the policies, measures, and actions which are utilized to stop unlawful access or alteration, theft, and physical damage to information or computer. Security can be supported by an assortment of techniques and tools to safeguard computer hardware, software communications networks, and data (Laudon & Laudon, 1999, p. 502). In the modern age of information technology, there are many threats happened for organizational information. We need a security model that has the ability to manage and secure our information reserves. Technical administrative safety /security measures like security plans, actions and techniques are the main practices for the organizational information security m...
10 Pages(2500 words)Research Paper

Self Assessment: Conflict Management Style

...Please indicate Self Assessment: Conflict Management Style The assessment on conflict management that I took suggests that I am the type of person who tends to cooperate and work with people to achieve a desirable outcome. It suggests that when I am faced with a conflicting situation, although I listen and consider other viewpoints included in the discussion, I carefully evaluate and analyse every detail in accordance to my own. It depicts that I welcome other ideas or arguments but not easily swayed by them for I tend to make my point be heard and accepted as well, creating a really interesting discussion that in turn promotes a win-win situation. Furthermore, the assessment also indicated that second to collaborating attitude, I also...
7 Pages(1750 words)Essay

Management Theory and Practice in the Early Childhood Education Industry

...Management Theory and Practice in the early childhood education industry This Report applies management theory into practice in the early childhood industry, especially in the context of women leaders. Management issues play a significant role in the academic sector, because early childhood professionals need higher levels of motivation in order to avoid burnout . As pointed out in a study by Osgood and Halsall (2007) where they carried out research to examine the position of women in leadership or management positions, a “glass ceiling” exists for women in the academic setting, which could significantly impair motivation. Since many of the individuals employed in the early education sector are women, addressing this issue is even more...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Risk management in Aviva for FREE!

Contact Us