Setting the Scenery

  • Lutgart van den Berghe
  • Kurt Verweire
Chapter

Abstract

The financial services industry has witnessed considerable changes since the beginning of the eighties. One of the most remarkable trends has been the breaking down of the barriers which existed between the different parts of the financial sector. Now most banks offer a range of insurance products beside their traditional financial services portfolio. On the other hand, quite a number of insurance companies have moved in the direction towards offering financial services. Sometimes this phenomenon has been labelled bancassurance, others have called it all finance and those suppliers are often referred to as financial conglomerates. Sectoral specialists are certainly familiar with most of the terms mentioned. Nevertheless, it is clear that these terms may mean completely different things for different countries, companies or individuals.

Keywords

Financial Service Joint Venture Life Insurance Insurance Product Credit Institution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Lutgart van den Berghe
    • 1
  • Kurt Verweire
    • 2
  1. 1.The Vlerick School of ManagementUniversity of GentBelgium
  2. 2.Erasmus University RotterdamThe Netherlands

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