The decision to demutualise : an analysis of the pressures for change. The case of life insurers in Australia and South Africa a comparative perspective

Keneley, M. J. and Verhoef, G. 2010, The decision to demutualise : an analysis of the pressures for change. The case of life insurers in Australia and South Africa a comparative perspective, in Accounting and the State : Proceedings of the sixth Accounting History International Conference, Victoria University of Wellington, Welington, New Zealand, pp. 1-35.

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Title The decision to demutualise : an analysis of the pressures for change. The case of life insurers in Australia and South Africa a comparative perspective
Author(s) Keneley, M. J.
Verhoef, G.
Conference name Accounting History International Conference (6th : 2010 : Wellington, New Zealand)
Conference location Wellington, New Zealand
Conference dates 18-20 Aug. 2010
Title of proceedings Accounting and the State : Proceedings of the sixth Accounting History International Conference
Editor(s) [Unknown]
Publication date 2010
Conference series Accounting History International Conference
Start page 1
End page 35
Total pages 35
Publisher Victoria University of Wellington
Place of publication Welington, New Zealand
Keyword(s) demutualization
life insurers
South Africa
Australia
organisational change
financial deregulation
Summary Since the 1980s a wave of demutualisations have occurred across a range of industries from stock exchanges to building societies, savings and loans associations and insurers. In both Australia and South Africa this has had a marked effect on the life insurance markets which had been dominated by mutual life insurers for 150 years. This paper adopts a case study approach to analyse the key drivers of organisational change. It examines the experiences of the Australian Mutual Provident (Australia’s oldest and largest life insurance mutual) and Sanlam (the second largest mutual life office in South Africa) as they proceeded down the path to demutualisation. It suggests a complex array of factors combined to place pressure on the existing mutual structures.
Language eng
Field of Research 150203 Financial Institutions (incl Banking)
150204 Insurance Studies
Socio Economic Objective 900101 Finance Services
HERDC Research category E1 Full written paper - refereed
HERDC collection year 2010
Persistent URL http://hdl.handle.net/10536/DRO/DU:30031040

Document type: Conference Paper
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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