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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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Switzerland: Insurance and The Need to Export

Switzerland: Insurance and The Need to Export

Chapter:
(p.143) Chapter 6 Switzerland: Insurance and The Need to Export
Source:
World Insurance
Author(s):

Martin Lengwiler

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199657964.003.0006

This chapter traces the history of the Swiss insurance industry. It is remarkable that Switzerland today is one of the centres of the global insurance market given that the Swiss insurance industry developed later than those of many other European countries and is largely the product of the twentieth century. Until the end of the 1850s, the Swiss insurance market had scarcely been opened up and was almost exclusively in the hands of foreign, mainly French, British, and German, companies. Despite the protectionism that dominated the earlier parts of the last century, the Swiss insurers were some of the most successful international players. In the post-war period, the Swiss market came to be seen by insurers as unique, with Swiss insurance companies deriving between one-third and one-half of their premium income from abroad.

Keywords:   Swiss insurance industry, insurance companies, insurance market, insurance history

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