The British Insurance Industry Since 1900: The Era of Transformation (Palgrave Macmillan Studies in Banking and Financial Institutions)

Virtually every private and commercial activity has an insurance dimension for the protection of its possessions and activities. Britains life & non-life insurance industry generated premiums 218bn and employed 309,000 in 2007. It has wide international ramifications with control of 11% of worldwide premium income. It is one of the most competitive of financial markets, continually adjusting to the changing economic, social and technological environment. Its activities provide never-ending challenges to actuaries, economists, underwriters, accountants and legal experts who decide the difference between profit and loss. During the past 100 years the industry massively expanded its product range, its contribution to the development of capital markets and worked hard on risk reduction activities, both in the personal and commercial insurance lines. This book describes the main stages of its transformation since 1900.

Author: Robert Carter

Language: English

Binding: Hardcover

Pages: 200

Publisher: Palgrave Macmillan

Publication Date: 2009-06-15