{"id":{"repo_id":"uwtsd","oai_identifier":"oai:repository.uwtsd.ac.uk:2671"},"canonical_url":"https://search.dev.ndltd.org/etd/uwtsd/oai:repository.uwtsd.ac.uk:2671","repository":{"repo_id":"uwtsd","name":"University of Wales Trinity Saint David","base_url":"https://repository.uwtsd.ac.uk/cgi/oai2"},"display":{"title":"The Effects of COVID-Driven Change on Financial Strategies of Leading UK Life Insurance Providers.","abstract":"Purpose: This study determines the effects of COVID-19 on financial strategies of UK Life Insurers to advise on future strategic opportunities. Design/Methodology/Approach: A mixed methods design gathered data from financial statements of 4 leading UK Life Insurers, focusing on significant changes during 2019-2020. A convenience, probability sample of sector employees completed an online survey, distributed via snowball sampling to determine drivers of strategic change. Data was analysed using financial ratio and content analyses in a multi-level design. Findings: Analysis identified fluctuation of financial performance indicators during 2019-2021, prompting sector-wide strategic repositioning and disposals. The study finds increasing demand for flexibility, digitalisation, and accessibility with significant post-COVID investment in these areas. Practical implications: Financial and non-financial benefits of homeworking identified opportunities in flexibility and automation. Changing bargaining powers of stakeholders present opportunities for development of talent management strategies. Insurers may consider strategic repositioning to align projections, offerings, and shareholder return processes with business objectives and demand. Originality/value: Despite existing global studies, focused research on UK markets, considering both financial and non-financial data remains uncharted. This study creates value for UK Life Insurers seeking to improve financial strategy and determine key opportunities for post-COVID success.","abstract_html":"Purpose: This study determines the effects of COVID-19 on financial strategies of UK Life Insurers to advise on future strategic opportunities. Design/Methodology/Approach: A mixed methods design gathered data from financial statements of 4 leading UK Life Insurers, focusing on significant changes during 2019-2020. A convenience, probability sample of sector employees completed an online survey, distributed via snowball sampling to determine drivers of strategic change. Data was analysed using financial ratio and content analyses in a multi-level design. Findings: Analysis identified fluctuation of financial performance indicators during 2019-2021, prompting sector-wide strategic repositioning and disposals. The study finds increasing demand for flexibility, digitalisation, and accessibility with significant post-COVID investment in these areas. Practical implications: Financial and non-financial benefits of homeworking identified opportunities in flexibility and automation. Changing bargaining powers of stakeholders present opportunities for development of talent management strategies. Insurers may consider strategic repositioning to align projections, offerings, and shareholder return processes with business objectives and demand. Originality/value: Despite existing global studies, focused research on UK markets, considering both financial and non-financial data remains uncharted. This study creates value for UK Life Insurers seeking to improve financial strategy and determine key opportunities for post-COVID success.","abstract_has_math":false,"creators":["Prells, Nina"],"institution":"University of Wales Trinity Saint David","degree_name":"mphil","degree_level":"masters","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2023,"date_issued":"2023-06","date_published":"2023-06","updated_at":"2026-07-24T05:52:59Z","subjects":["HG Cyllid"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier.grantnumber","label":"Dc Identifier Grantnumber","values":["UWTSD"],"render_values":[{"text":"UWTSD","href":null,"code":true}]}]},"links":{"outbound_url":"https://doi.org/10.82227/repository.uwtsd.ac.uk.00002671","outbound_label":"DOI","outbound_source":"dc:identifier.doi"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.sponsor","label":"Sponsor","values":["University of Wales Trinity Saint David"]},{"key":"dc:creator","label":"Author","values":["Prells, Nina"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2023-06-15"]},{"key":"dc:date.issued","label":"Date","values":["2023-06"]},{"key":"dc:publisher.commercial","label":"Dc Publisher Commercial","values":["University of Wales Trinity Saint David"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Traethodau Meistr","Institute of Management and Health: Business, Finance and Management"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Wales Trinity Saint David"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["https://repository.uwtsd.ac.uk/id/eprint/2671/"]},{"key":"dc:type","label":"Dc Type","values":["Gosodiad"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["masters"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["mphil"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["HG Cyllid"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.doi","label":"DOI","values":["10.82227/repository.uwtsd.ac.uk.00002671"]},{"key":"dc:identifier.grantnumber","label":"Dc Identifier Grantnumber","values":["UWTSD"]},{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://repository.uwtsd.ac.uk/id/eprint/2671/1/Prells%2C%20Nina%20%282023%29%20MBA%20The%20Effects%20of%20Covid%20Driven%20Change%20on%20Financial%20Strategies.pdf"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Purpose: This study determines the effects of COVID-19 on financial strategies of UK Life Insurers to advise on future strategic opportunities. Design/Methodology/Approach: A mixed methods design gathered data from financial statements of 4 leading UK Life Insurers, focusing on significant changes during 2019-2020. A convenience, probability sample of sector employees completed an online survey, distributed via snowball sampling to determine drivers of strategic change. Data was analysed using financial ratio and content analyses in a multi-level design. Findings: Analysis identified fluctuation of financial performance indicators during 2019-2021, prompting sector-wide strategic repositioning and disposals. The study finds increasing demand for flexibility, digitalisation, and accessibility with significant post-COVID investment in these areas. Practical implications: Financial and non-financial benefits of homeworking identified opportunities in flexibility and automation. Changing bargaining powers of stakeholders present opportunities for development of talent management strategies. Insurers may consider strategic repositioning to align projections, offerings, and shareholder return processes with business objectives and demand. Originality/value: Despite existing global studies, focused research on UK markets, considering both financial and non-financial data remains uncharted. This study creates value for UK Life Insurers seeking to improve financial strategy and determine key opportunities for post-COVID success."]},{"key":"dc:format","label":"Dc Format","values":["text"]},{"key":"dc:title","label":"Title","values":["The Effects of COVID-Driven Change on Financial Strategies of Leading UK Life Insurance Providers."]}]}],"canonical_facts":{"dc:contributor.sponsor":["University of Wales Trinity Saint David"],"dc:creator":["Prells, Nina"],"dc:date":["2023-06-15"],"dc:date.issued":["2023-06"],"dc:description.abstract":["Purpose: This study determines the effects of COVID-19 on financial strategies of UK Life Insurers to advise on future strategic opportunities. 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