Jump to ContentJump to Main Navigation
World InsuranceThe Evolution of a Global Risk Network$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 23 May 2019

United Kingdom: Pioneering Insurance Internationally

United Kingdom: Pioneering Insurance Internationally

Chapter:
(p.67) Chapter 3 United Kingdom: Pioneering Insurance Internationally
Source:
World Insurance
Author(s):

Robin Pearson

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199657964.003.0003

This chapter describes international expansion in the UK insurance industry. At the end of the seventeenth century, Britain underwent a dual political and financial revolution that helped lay the foundations for its future economic power. The overthrow of the Stuart monarchy in 1688 again furthered the security of private property rights and the hegemony of parliament. The financial revolution created central banks in England and Scotland, a stock market, and a publicly traded national debt. In addition, London became the world's largest fire insurance market and a leading centre of marine insurance. A century later, with the commercial and industrial economy expanding rapidly, London also provided the world's first exporters of fire and life insurance. By the middle of the nineteenth century, as Britain became the greatest trading nation on earth, its insurance industry approached global domination.

Keywords:   Great Britain, London, insurance business, fire insurance, marine insurance, insurance history

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .