Chapter

Introduction

Peter Borscheid

in World Insurance

Published in print August 2012 | ISBN: 9780199657964
Published online September 2012 | e-ISBN: 9780191744709 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199657964.003.0001
Introduction

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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

Chapter.  17409 words. 

Subjects: International Business

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