O controlo de gestão com ênfase para o Balanced Scorecard: estudo de caso sobre a implementação do Balanced Scorecard numa empresa do sector automóvel

Mestrado em Contabilidade e Gestão das Instituições Financeiras

The portuguese insurance industry: basis for strategic process decision

Nowadays, the Portuguese insurance industry operates in a market with a much more aggressive structure than a few decades ago. Markets and the economy have become globalised since the last decade of the 20th century. Market forces have gradually shifted – power is now mainly on the demand side. In order to meet the new requirements, the insurance industry must develop a strong strategic ability to respond to constant changes of the new international economic order.One of the basic aspects of this strategic development will focus on the ability to predict the future. We introduce the subject by briefly describing the sector, its organisational structure in the Portuguese market, and challenges arising from the development of the European Union. We then analyse the economic and financial structure of the sector. From this point of view, we aim at the possibility of designing models that could explain the demand for insurance, claims and technical reserves evolution. Such models, (even if based on the past), would resolve, at least partly, one of the greatest difficulties experienced by insurance companies when estimating the budget. Thus, we examine the existence of variables that explain the previous points, which are capable of forming a basis for designing models that are simple but efficient, and can be used for strategic planning.

A new sedimentary benchmark for the Deccan Traps volcanism?

The origin of the Cretaceous-Paleogene boundary (KPB) mass extinction is still the center of acrimonious debates by opposing partisans of the bolide impact theory to those who favored a terrestrial origin linked to the Deccan Traps volcanism. Here we apply an original and high-resolution environmental magnetic study of the reference Bidart section, France. Our results show that the KPB is identified by an abrupt positive shift of the magnetic susceptibility (MS), also observed by others at the KPB elsewhere. In addition, an anomalous interval of very low MS, carried by an unknown Cl-bearing iron oxide similar to specular hematite, is depicted just below the KPB. Grain-size and morphology of the Cl-iron oxide are typically in the range of hematitic dust currently transported by winds from Sahara to Europe. This discovery is confirmed in the referenced Gubbio section (Italy) suggesting a global scale phenomenon. As a conjecture we suggest an origin by heterogeneous reaction between HCl-rich volcanic gas and liquid-solid aerosols within buoyant atmospheric plumes formed above the newly emitted Deccan flood basalts. Based on this hypothesis, our discovery provides a new benchmark for the Deccan volcanism and witnesses the nature and importance of the related atmospheric change.