World Insurance: The Evolution of a Global Risk Network

Hardcover | September 23, 2012

EditorPeter Borscheid, Niels Viggo Haueter

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Since the end of the eighteenth century, the insurance industry has cast a safety net around the world, first in the British Isles and then further afield, irrespective of cultural, political and ideological divides. Unlike previous publications on insurance history, which tend to discuss thedevelopment of national markets or individual companies, this book focuses on the creation of networks across borders from the end of the eighteenth century to the present day.Distinguished international economic historians draw upon examples from twenty countries across the continents to demonstrate how what was called the 'British system' of risk management spread out in waves, and describes the forces that made this possible - first among them migration from Europe andinternational trade. The book explores the economic, political, religious, and cultural obstacles that blocked the path of this European invention - not only religious law and traditional practices, but above all protectionism, inflation, and political ideologies. It examines the process of transformation through which modern insurance supplanted traditional forms of protection against perils and risks and was able to keep on offering new ways of dealing with the risks of modern life. As well as discussing primary insurance, it also considers the role playedby reinsurance, without which the losses arising out of today's natural and man-made disasters would be immeasurably greater. Finally, taking modern-day disaster scenarios as examples, the book shows just what the limits of insurability are and what risks worldwide networks entail.

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Since the end of the eighteenth century, the insurance industry has cast a safety net around the world, first in the British Isles and then further afield, irrespective of cultural, political and ideological divides. Unlike previous publications on insurance history, which tend to discuss thedevelopment of national markets or individua...

Peter Borscheid is Professor Emeritus of Economic and Social History at the University of Marburg. He has published numerous monographs on the history of science and technology, the history of the textile industry, the standard of living, the history of old age, and old-age pension, the cultural history of acceleration. He led several...

other books by Peter Borscheid

Format:HardcoverDimensions:784 pages, 9.69 × 6.73 × 0.98 inPublished:September 23, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199657963

ISBN - 13:9780199657964

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Table of Contents

1. Peter Borscheid: IntroductionPart I. Europe2. Peter Borscheid: Europe: Overview3. Robin Pearson: United Kingdom: Pioneering insurance internationally4. Peter Borscheid: Germany: Insurance, expansion and setbacks5. Andre Straus: France: Insurance and the French financial networks6. Martin Lengwiler: Switzerland: Insurance and the need to export7. Giandomenico Piluso: Italy: Building on a long insurance heritage8. Jeronia Pons Pons: Spain: International influence on the domestic insurance market9. Yuri A. Petrov: Russia: Early expansion, state involvement, and re-emergence of the insurance industryPart II. North America10. Peter Borscheid: North America: Overview11. Matthias Kipping and James Darroch: Canada: Taking life insurance abroad12. Christopher Kobrak: USA: The international attraction of the US insurance marketPart III. Sub-Saharan Africa13. Peter Borscheid: Sub-Saharan Africa: Overview14. Grietjie Verhoef: South Africa: Leading African insurancePart IV. Middle East and Northern Africa15. Peter Borscheid: Middle East and Northern Africa: Overview16. Samir Saul: Maghreb: Naturalising insurance in Algeria, Morocco and Tunisia17. Frauke Heard-Bey: United Arab Emirates: Economic boom and insurancePart V. Far East and Pacific18. Peter Borscheid: Far East and Pacific: Overview19. G. Balachandran: India: From a colonial outpost to a leading market20. David Faure and Elisabeth Koll: China: The indigenisation of insurance21. Takau Yoneyama,: Japan: The role of insurance in the rapid modernisation of Japan22. Myung Hwi Lee and Duol Kim: Korea: Insurance in a tiger market23. Monica J. Keneley: Australia and New Zealand: A tradition continued creating a domestic insurance marketPart VI. Latin America and Caribbean24. Peter Borscheid: Latin America and Caribbean: Overview25. Marcelo de Paiva Abreu and Felipe Tamega Fernandes: Brazil: The resilience of the Brazilian insurance market26. Gustavo del Angel: Mexico: A history of the insurance industry in Mexico27. Yolanda Blasco and Rodrigo Rabetino: Argentina: The changing fortunes of the Argentinean insurance market