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Title World insurance : the evolution of a global risk network / edited by Peter Borscheid and Niels Viggo Haueter.
Imprint Oxford : Oxford University Press, 2012.

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Subject Insurance -- History.
Insurance -- History -- Case studies.
Alt Name Borscheid, Peter.
Haueter, Niels Viggo.
Description 1 online resource (xvi, 729 pages)
polychrome rdacc
Bibliography Note Includes bibliographical references and index.
Summary 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 the development 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 and international 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 wellas discussing primary insurance, it also considers the role played by 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.
Note Print version record.
Contents Europe -- North America -- Sub-Saharan Africa -- Middle East and Northern Africa -- Far East and Pacific -- Latin America and Caribbean.
ISBN 9780191632303 (electronic bk.)
0191632309 (electronic bk.)
OCLC # 809314319
Additional Format Print version: World insurance. Oxford : Oxford University Press, 2012 9780199657964 (OCoLC)792747131.

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