Skip to main content

National Management Styles: A Comparative Study of the Strategy of Bancassurance in Britain and France

  • Chapter
Book cover Regulation and Deregulation in European Financial Services

Abstract

During the 1980s, many banking and financial institutions across Europe took up the strategy of bancassurance or Allfinanz. In broad terms, the strategy referred to the goal of selling both insurance and banking products through an integrated distribution system in which existing bank branch networks were crucial. There have been a number of studies by major consultancies evaluating the extent to which national financial systems have adjusted to this model. Most of these studies take the notion of a bancassurance strategy for granted. They assume that within the confines of different regulatory systems, the goal of bancassurance is the same and therefore managerial practices and knowledge of the strategy itself and its implementation process can be transferred across national boundaries.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • AFB, L’Europe en Vue — Rapport Annuel. (Paris: Association Française des Banques, 1991).

    Google Scholar 

  • D.E. Ashford, Policy and Politics in France: Living With Uncertainty. (Philadelphia Pennsylvania: Temple University Press, 1982).

    Google Scholar 

  • P. Baldwin, The Politics of Social Solidarity. (Cambridge: Cambridge University Press, 1990).

    Book  Google Scholar 

  • C. de Boisseau, ‘The French Banking Sector in the Light of European Financial Integration’, in J. Dermine (ed.), European Banking in the 1990s. (Oxford: Blackwell, 1990).

    Google Scholar 

  • H. Bouchaert and A.D. Schor, ‘Les Sociétés d’Assurance en France’, No. 4875. (Paris: La Documentation Française, 1988).

    Google Scholar 

  • D. Burton, ‘Tellers into Sellers?’, International Journal of Bank Marketing, 9, 6 (1991) pp. 25–9.

    Article  Google Scholar 

  • D. Burton, Financial Services and the Consumer. (London: Routledge, 1993).

    Google Scholar 

  • P.G. Cerny, ‘From Dirigisme to Deregulation? The Case of Financial Markets’, in P. Godt (ed.) Policy Making in France. (London: Pinter, 1989).

    Google Scholar 

  • Coopers & Lybrand, Making Bancassurance Work. (London: Coopers & Lybrand, 1993).

    Google Scholar 

  • Centre de Recheche d’Epargne, Money As They Like It — Europeans’ View of Financial Products. (Paris: CREP.OPENERS SECODIP, 1991).

    Google Scholar 

  • J.-P. Daniel, La Bancassurance. (Paris: Editions de Verneuil, 1992a).

    Google Scholar 

  • J.-P. Daniel, ‘Boudda et Confucius — Même Combat Contre Sainte Barbe?’, Directions, 12, June (1992b) pp. 24–5.

    Google Scholar 

  • J.-P. Daniel, Les Enjeux de la Bancassurance. (Paris: Editions de Verneuil, 1994). Données Sociales (Paris: INSEE, 1990).

    Google Scholar 

  • Economist, The Economist Guides — France. (London: The Economist, 1990).

    Google Scholar 

  • C. Ennew, T. Watkins and M. Wright, ‘The New Competition in Financial Services’, Long Range Planning, 23, 6 (1990) pp. 80–90.

    Article  Google Scholar 

  • Ernst & Young, Insurance in the EC — An Industry Overview, 2nd edn. (London: Ernst & Young, 1989).

    Google Scholar 

  • FFSA, French Insurance in 1990 (English translation). (Paris: Fédération Française des Sociétés d’Assurances, 1991).

    Google Scholar 

  • L. Hannah, Inventing Retirement. (London: Macmillan, 1986).

    Book  Google Scholar 

  • L. Hantrais, Contemporary French Society. (London: Macmillan, 1982).

    Google Scholar 

  • B. Howcroft, ‘Increased Marketing Orientation: UK Bank Branch Networks’, International Journal of Bank Marketing, 9, 4 (1991) pp. 3–9.

    Article  Google Scholar 

  • D. Knights, G. Morgan and A. Sturdy, ‘Quality for the Consumer in Bancassurance?’, Consumer Policy Review, 3, 4 (1993) pp. 232–40.

    Google Scholar 

  • KPMG, Deadline 1992: France. (London: KPMG, 1989).

    Google Scholar 

  • I. Lindisfarne, ‘C’est La Vie’, Post Magazine, 15 October (1992) pp. 26–9.

    Google Scholar 

  • H. Mendras and A. Cole, Social Change in Modern France. (Cambridge: CUP, 1991).

    Google Scholar 

  • G. Morgan, ‘Regulation in Personal Financial Services’, mimeo, Manchester Business School (1994).

    Google Scholar 

  • G. Morgan and D. Knights, ‘Gendering Jobs: Corporate Strategy, Managerial Control and the Dynamics of Job Segregation’, Work, Employment and Society, 5, 2 (1991) pp. 181–200.

    Article  Google Scholar 

  • G. Morgan, A. Sturdy and D. Knights, ‘Business Systems and the Welfare State: The Provision of Old Age Pensions’, paper presented to European Business Systems Group, Helsinki, March (1993).

    Google Scholar 

  • G. Morgan, A. Sturdy, J.-P. Daniel and D. Knights, ‘Bancassurance in Britain and France: Innovating Strategies in the Financial Services’, The Geneva Papers on Risk and Insurance, 71, April (1994) pp. 178–95.

    Google Scholar 

  • OECD, OECD Economic Surveys — France. (Paris: OECD, 1990).

    Google Scholar 

  • J. O’Reilly, ‘The Societal Construction of Labour Flexibility — Employment Strategies in Retail Banking in Britain and France’, in R.D. Whitley (ed.), European Business Systems. (London: Sage, 1992).

    Google Scholar 

  • A. Rawsthorn, ‘Debate Over Role Models’, Financial Times, European Finance and Investment, France Supplement, 12 December (1991).

    Google Scholar 

  • Risques, ‘Assurer L’Avenir des Retraites’, special issue, May (1991).

    Google Scholar 

  • M. Ruffat, E.-V. Caloni and B. Laguerre, L’UAP et l’Histoire de L’Assurance. (Paris: Maison des Sciences de l’Homme, 1990).

    Google Scholar 

  • Y. Saint-Jours, ‘France’, in P.A. Köhler and H.F. Zacher (eds), The Evolution of Social Insurance 1881–1981. (London: Frances Pinter, 1982).

    Google Scholar 

  • Salomon Bros, Multinational Money Center Banking: The Evolution of a Single European Banking Market. (London: Salomon Bros, 1990).

    Google Scholar 

  • J.-C. Seys, ‘Comment Surmonter les différences culturelles entre les deux professions?’, in EFMA conference proceedings Banque-Assurance-Après les Illusions, Les Vraies Synergies, (Paris: EFMA/CAPA, 1992).

    Google Scholar 

  • B. Stephenson and J. Kiely, ‘Success in Selling The Current Challenge in Banking’, International Journal of Bank Marketing, 9, 2 (1991) pp. 30–8.

    Article  Google Scholar 

  • A. Sturdy and D. Knights, ‘The Subjectivity of Segmentation and the Segmentation of Subjectivity’, in S.R. Clegg and G. Palmer (eds), Constituting Management: Markets Meanings and Identities. (Berlin: DeGruyter, 1996).

    Google Scholar 

  • A. Sturdy and G. Morgan, ‘Segmenting the Market: A Review of Marketing Trends in French Retail Banking’, International Journal of Bank Marketing, 11, 7 (1993) pp. 11–19.

    Article  Google Scholar 

  • D. Thwaites, ‘Forces at Work: The Market for Personal Financial Services’, International Journal of Bank Marketing, 9, 6 (1991) pp. 30–5.

    Article  Google Scholar 

  • W. Zajdlic, Longman International Insurance Reports: France. (Harlow: Longman, 1988).

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 1997 Andrew Sturdy, Glenn Morgan and Jean-Pierre Daniel

About this chapter

Cite this chapter

Sturdy, A., Morgan, G., Daniel, JP. (1997). National Management Styles: A Comparative Study of the Strategy of Bancassurance in Britain and France. In: Morgan, G., Knights, D. (eds) Regulation and Deregulation in European Financial Services. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14000-8_8

Download citation

Publish with us

Policies and ethics