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World InsuranceThe Evolution of a Global Risk Network$
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Peter Borscheid and Niels Viggo Haueter

Print publication date: 2012

Print ISBN-13: 9780199657964

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199657964.001.0001

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(p.1) Chapter 1 Introduction
World Insurance

Peter Borscheid

Oxford University Press

This introductory chapter begins by setting out the book's purpose — to show how European emigrants and insurance companies exported the concept of insurance and modern underwriting from the British Isles and established them as a European invention and cultural asset throughout the world. The discussions then turn to the expansion of the insurance industry at the end of the eighteenth century; the internationalization of the modern insurance business; obstacles to internationalization; the impact of the First World War and other factors that caused the insurance industry to lose its interconnectedness, which was not regained until decades after 1945; and the advent of the second globalization.

Keywords:   European emigrants, insurance companies, insurance industry, underwriting, internationalization, globalization

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